1. The Business Plan

a. describes all relevant internal and external elements and strategies that are involved for starting a new venture

b. looks at the short term and long term

c. statement B alone is correct

d. either statement A or B is correct

2. When it comes to reading the Business Plan, it is recommended that the entrepreneur keep in mind the following perspectives

a. That of the entrepreneur, because he or she knows more about the creativity and technology involved in creating the venture

b. A marketing perspective, which involves the people that will be using a product

c. The perspective of seeing the business plan through the eyes of a potential investor

d. Every one of these statements is correct

3. With regard to the business plan, ___________ focus on character, cash flow, collateral, equity.

a. Entrepreneurs

b. Economists

c. Investors

d. Lenders

4. Which, if any, of the following statements are accurate regarding a business plan

a. It is often referred to as the roadmap or the game plan.

b. It helps answer the following questions, Where am I now? Where am I going? And how will I get there?

c. Neither statement A nor statement B is accurate

d. Either statement A or statement B is accurate