1. Which of the following BEST described a business plan?
A.A gallery of photos that explains the location and construction of the business.
B. A written plan that is a description of all the aspects of the business and includes the business's goals
C. A collection of plans that are combined from different business and then analyzed and compared to your business
D. A list of guidelines that tell successful business's how to run their company in order to make a profit.

2. What are the advantages of creating a business plan?
A. To secure financing
B. Allows the entrepreneur to focus on what they want to accomplish
C. To set better objectives and benchmarks D. All of the above
3. Who should prepare the business plan? A. Anyone
B. Entrepreneur
C.Someone on the business For
D.Stakeholder
4. What section of the business plan can we find the Proposed Name of the Business, Address of the Business, Name of the Owner or Owners, Description of the Business, Location of the Business, Funding Requirement and Source?
A. Introduction
B. Organizational Plan
C. Production Plan
D. Operation Plan
5. Which of following is the LEAST factor to be considered when deciding on the location of the proposed business?
A. Distance from the sources of raw materials, labor, and utilities
B. Peace and order situation
C. The geographic and climatic conditions
D. Proximity to the house of the owner of the business​