Personal Wellness Angela has been working for a local small business called Personal Wellness for the last three years. It is a retail business that sells sporting goods equipment. When she started to work there, she noticed several things that were possibly the cause of the business not doing as well as it hoped. Angela has been thinking of starting her own small business because she feels she has learned much through working for Personal Wellness. Angela's manager asked her to create a business plan for Personal Wellness. The manager hoped that this plan would put things into perspective to help the company do better. After creating the plan, Angela suggested that Personal Wellness contact a group of senior and graduate students to provide management counseling for the company. Angela wants to make sure that her leaving does not become the cause of the company going under.

ABCDE

1.

Refer to Personal Wellness. Personal Wellness can be classified as operating in what type of industry?

a.	Service
b.	Production
c.	Manufacturing
d.	Distribution
e.	Wholesaling

ABCDE

2.

Refer to Personal Wellness. What is not one of the key reasons Personal Wellness would possibly fail?

a.	Capital
b.	Employees
c.	Management
d.	Money
e.	Planning

ABCDE

3.

Refer to Personal Wellness. In preparing the business plan, Angela would have incorporated all of these components except

a.	company and industry descriptions.
b.	an exit strategy.
c.	government regulations.
d.	benefits to the community.
e.	a marketing plan.

ABCDE

4.

Refer to Personal Wellness. A business plan should answer all of the following questions except

a.	"Which accounting firm will audit the company?"
b.	"What exactly is the nature and mission of the new venture?"
c.	"Why is this new enterprise a good idea?"
d.	"How much will the new venture cost?"
e.	"What are the entrepreneur's goals?"

ABCDE

5.

Refer to Personal Wellness. When Angela suggested that the company contact a group, what type of group was she referring to?

a.	Strategic institute
b.	Small-business institute
c.	HR institute
d.	Management institute
e.	Business institute