A ________ is written to validate a decision that has already been made.
A) project proposal
B) progress report
C) compliance report
D) justification report
E) feasibility report
Ques. 2When a business plan is written after a company is up and running, it tends to
A) summarize the company's business model.
B) convince outsiders to invest in the company.
C) present a vision of what the company will be.
D) function as a monitor-and-control mechanism.
E) concisely describe products and services.
Ques. 3As it relates to a formal business plan, the ________ defines how the company will generate revenue and produce a profit.
A) marketing strategy
B) business model
C) action forecast
D) financial projection
E) mission and objectives
Ques. 4A ________ outlines an organization's official position on issues that affect its success.
A) policy report
B) position paper
C) feasibility report
D) business plan
E) compliance report
Ques. 5As a monitor-and-control mechanism, a business plan
A) is useful only before a company is launched.
B) always contains the same elements.
C) should not identify risks and problems, since these might discourage potential investors.
D) is sometimes prepared after a company is up and running.
E) is useful only when seeking additional funding.
Ques. 6All of the following except ________ are categories of informational reports.
A) reports to monitor and control operations
B) reports to demonstrate compliance
C) reports to document progress
D) reports to assess opportunities
E) reports to implement policies
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