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Principles of Business Planning Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Choose the BEST answer as it relates to the marketing section of the business plan.

Question 2 2. Choose which section of the business plan prospective employees will NOT be interested in reviewing.

Question 3 3. Which statement is TRUE for business plans?

Question 4 4. Choose the BEST answer as it relates to strengths and weaknesses as discussed in a business plan.

Question 5 5. Which statement is FALSE about sales and cost projections in a business plan?

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Question 6 6. Which of these is considered an advantage of planning?

Question 7 7. Where does planning fall in the order of managerial functions?

Question 8 8. Which of the following is true of planning?

Question 9 9. Which of these describes the purpose of planning?

Question 10 10. Ricky is a new employee with years of experience in planning. He is committed to the processes and creates a plan that looks one week into the future. Which of his characteristics would be considered a barrier to effective planning?

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Question 11 11. Managers use operational plans to _____.

Question 12 12. How are strategic, tactical, and operational plans related to each other?

Question 13 13. A procedure that details how to take an inventory is an example of a(n) _____ plan, while a promotional advertisement is an example of a(n) _____ plan.

Question 14 14. Why do managers create contingency plans?

Question 15 15. Why is a tactical plan relevant for the functioning of each company?

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Question 16 16. Which of the following answers best describes the types of disasters that should be included in a plan?

Question 17 17. A disaster recovery plan should address which critical components:

Question 18 18. Does every business need a plan?

Question 19 19. Which is NOT a follow-up step once your plan is created?

Question 20 20. What is a business disaster recovery plan?

Principles of Business Planning Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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