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Quiz for ABM 111 - Records & Business Planning I at Morgan Community College (MCC)

Quiz Information

Material Type:Quiz
Professor:Staff
Class:ABM 111 - Records & Business Planning I
Subject:Agriculture Business Mgmt
University:Morgan Community College
Term:--
Keywords:
  • Contingency Plan
  • Business Plan
  • Business Planning
  • Performance Measure
  • Executive Summary
  • Reconciliation
  • Performance
  • Competitors
  • Bank Reconciliation
  • Satisfaction
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Sample Document Text

Name:__________________________ Date:________________ Business Planning True/False 1. _____ 2. _____ 3. _____ 4. _____ 5. _____ A business plan allows you to act, not react.. The business plan provides a framework for decision making. The business plan is a document that contains historical information and goals for the business. Industry trends and competitors should not be considered within a business plan. A business plan decreases the chances of success. Multiple Choice (Circle One) 6. Which of the following is not necessary in a Business Plan? a. b. c. d. 7. Historical trends Balance Sheet Bank Reconciliation Projected Cash Flow Which of the following best describes a skill not needed by a manager to overcome business challenges? a. b. c. d. Financial management Risk management Time management Weight management 8. A contingency plan will help the business manage through times of: a. b. c. d. Price fluctuation Cost fluctuation Production fluctuation All of the above 9. Which of the following are com...

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