A capital plan is needed in the business planning process, especially in strategic planning,Select one:TrueFalse

Describe why a simple business plan is important and identify its two main features.

Which of the statements below best describes the reasons why entrepreneurs must develop a Business Plan?Question 9AnswerA.It is a financial plan to attract start-up capital from investors.B.It displays the entrepreneur’s creative idea.C.It is a snapshot of where the entrepreneur wants to be in 2 or 3 years from now.D.It is a tool which enables entrepreneurs to determine how an opportunity will be advanced, how to secure buy-in and finance capital, a marketing strategy and other essential success factors.E.It is a plan for marketing and promoting an opportunity.

The financial manager finds ways on how to obtain various capitalization for the businessSelect one:a.Cash Managementb.Forecasting Financial Requirementsc.Investment decisiond.Acquiring necessary capital

Structure of a Business Plan:

Which of the following tasks is not part of strategic planning?Question 15Answera.Developing detailed project schedules and timelines.b.Managing the businesses as an investment portfolio. c.Assessing the market’s growth rate and the company’s position in that market.