1) Business plans are often used to raise money from independent entities. True

ID: 428926 • Letter: 1

Question

1) Business plans are often used to raise money from independent entities.

True

False

2) An executive summary should include

Organization’s mission and vision

Detailed project plans

Financial pro formas

A complete marketing analysis

3) Funding requests should do all but one of the following.

Detail who will have expenditure authority

Amount of funds requested

Time period money needed

How funds will be used

4) Often it is not critical to describe the background of key managers in a business plan.

True

False

5) What is not one of the items often placed in a business plan’s appendix?

Personal and business credit history

Letters of reference

Details of permits and patents

Financial projections

6) If an organization has a strategic plan in most instances they will not have to create a business plan.

True

False

True

False

Q1) Business plans are often used to raise money from independent entities - True

Q2) An executive summary should include - Organization’s mission and vision

Q3) Funding requests should do all but one of the following - Detail who will have expenditure authority

Q4) Often it is not critical to describe the background of key managers in a business plan - True

Q5) What is not one of the items often placed in a business plan’s appendix - Details of permits and patents

Q6) If an organization has a strategic plan in most instances they will not have to create a business plan - False

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.