Reference no: EM132183439
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