- Type
- Quiz
- Course
- MGT602 Entrepreneurship
- Size
- PDF 669 KB
- Updated
- 23 Oct 2026
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Text from pages 2, 3, 4 of 12. Download the file for all 12 pages.
Q1. Vu-Topper RM (1 marks)
Which of the following statement is most true regarding a business plan? A. Business idea and business plan are same components B.
Business idea precedes business plan
C. Business plan precedes business idea D. Business idea is irrelevant to a business plan
Q2. Vu-Topper RM (1 marks)
A well written business plan leads to: A.
Refinement of a business output
B. Generation of a business idea C. Measurement of a business performance D. Effective initiation of a business
Q3. Vu-Topper RM (1 marks)
Short-term incentives to encourage the purchase or sale of a product or service is called: A. Advertising B. Personal selling C. Public relations
D. Sales promotion
Q4. Vu-Topper RM (1 marks)
A complex business is likely to have a very short business plan. A. True B.
False
Q5. Vu-Topper RM (1 marks)
Business idea is about concept of a business. A.
True
B. False
Q6. Vu-Topper RM (1 marks)
Appendix holds the supporting documents for the actual business plan. A.
True
B. False
Q7. Vu-Topper RM (1 marks)
Product value and packaging-related attributes are best discussed in the
A.
False
B. True
Q8. Vu-Topper RM (1 marks)
Nature of the business competition decides the length of a business plan. A. True B.
False
Q9. Vu-Topper RM (1 marks)
Consumer products are offered to firms for further processing or for use in conducting the business. A. True B.
False
Q10. Vu-Topper RM (1 marks)
Business idea then business plan then business practice is the right sequence. A.
True
B. False
Q11. Vu-Topper RM (1 marks)
Appendix is not a glimpse of the whole business plan document. A.
True
B. False
Q12. Vu-Topper RM (1 marks)
Business plan and business idea are different to each other. A.
True
B. False
Q13. Vu-Topper RM (1 marks)
Business plan tells us details about planning a business. A.
True
B. False
Q14. Vu-Topper RM (1 marks)
Business plan and business idea are same. A. True B.
False
Q15. Vu-Topper RM (1 marks)
Business plan then business idea then business practice is the correct sequence. A. True B.
False
Q16. Vu-Topper RM (1 marks)
Business plan then business idea then business practice is the wrong sequence. A. True B.
False
Q17. Vu-Topper RM (1 marks)
Which of the following factors directly relate to the length of a business plan?
A. Number of employees B.
Complexity of the business
C. Amount of the investment
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