1. john would like to contact several trade associations, but he's not sure where to look for information. what is the most efficient way for john to find the information he wants?
a. check out hoovers. com.
b. search the d& b database.
c. ask a librarian.
d. contact the sba.
student d
incorrect
reference: pg 18

4. calvin and liz have summarized several lengthy research items for their business plan. in case an investor wants more details on the research, they've also included
a. a file of price quotes and survey results.
b. their mission statement.
c. autobiographies and résumés.
d. their business goals.
student c
incorrect
reference: pg 14

5. how should you consider the information you acquire through internet chat rooms?
a. it's usually the most up-to-date information available.
b. it's clear, unbiased, and specific to your business.
c. it's in discovering your competitor's edge.
d. it can give you leads to places where you can find reliable information.
student c
incorrect
reference: page 18

6. rachel plans to set up a beautifully furnished office for her interior decorating business. she will describe it in her business plan under the heading
a. processes.
b. inventory.
c. current trends.
d. marketing profile.
student c
incorrect
reference: pg 8

7. information such as parking issues, choice of location, and specialized equipment should be included in the portion of your business plan.
a. overview
b. operating plant
c. business information
d. financial plan
student c
incorrect
reference: pages 7,8

8. when should you write the introduction and overview portion of your business plan?
a. well in advance of the rest of the plan
b. just before listing the business information
c. last, so all of the most important points are included
d. in a very detailed, wordy style
student a
incorrect
reference: page 3

10. local zoning laws, epa regulations, and municipal permits or registrations are requirements to be researched and listed in the portion of your business plan.
a. financial
b. operating plant
c. industry
d. introductory
student a
incorrect
reference: pages 5,7

13. legal requirements, suppliers and distributors, competitors, and market profiles are contained in the element of your business plan.
a. business information
b. introduction
c. industry
d. operating plant
student b
incorrect
reference: pages 5,6

15. you've designed the floor plan of your restaurant and an efficient traffic pattern for patrons, servers, and other staff. in your business plan, these actions are called
a. staff evaluations.
b. processes.
c. performance measures.
d. industry standards.
t c
incorrect

19. before you decide whether to use the cost plus model, it's important to thoroughly research
a. competitors' operating processes.
b. profit margins in neighboring states.
c. buying behavior in similar industries.
d. your industry's going rate.