{"id":3448,"date":"2023-02-22T21:28:47","date_gmt":"2023-02-22T21:28:47","guid":{"rendered":"https:\/\/course.oeru.org\/ient102\/?page_id=3448"},"modified":"2023-02-22T21:28:47","modified_gmt":"2023-02-22T21:28:47","slug":"quiz","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient102\/learning-pathways\/business-planning\/quiz\/","title":{"rendered":"Quiz"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\n<\/p>\n<div class=\"floatright\"><a href=\"https:\/\/wikieducator.org\/File:Test_sign.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Test sign.jpg\" src=\"\/\/wikieducator.org\/images\/thumb\/e\/eb\/Test_sign.jpg\/320px-Test_sign.jpg\" width=\"320\" height=\"226\" class=\"img-responsive\"><\/a><\/div>\n<p>The questions which follow provide a basic knowledge test of selected concepts covered in this learning pathway: <i>Business planning<\/i>.<\/p>\n<p>The questions published at the end of each learning pathway are re-used for the knowledge test for learners interested in earning a digital badge or certificate of participation for the <i>Introduction to entrepreneurship<\/i> (IENT102) micro-course. Please consult the <a href=\"https:\/\/wikieducator.org\/Introduction_to_entrepreneurship\/IENT102\/Assessment\/Certify_participation\" title=\"Introduction to entrepreneurship\/IENT102\/Assessment\/Certify participation\">Certify participation page<\/a> for more information.<br style=\"clear:both;\">\n<\/p>\n<div class=\"panel iDevice WEquizMultipleChoice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"assessment\" src=\"https:\/\/course.oeru.org\/ient102\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>True - false questions<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t\n<p>Indicate whether the following statements are true or false:\n<\/p>\n<ul>\n<li>Business plans are primarily prepared for generating capital for your business.\n<ul>\n<li>True\n<ul>\n<li>No, business plans are not restricted to raising capital. They are an integral part of many facets of business.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Correct.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>A business plan should set out your goals and how you plan to reach them.\n<ul>\n<li>True\n<ul>\n<li>Correct.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>No, please revisit the course materials for IENT102.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>There is a standard format for preparing a business plan.\n<ul>\n<li>True\n<ul>\n<li>No, the nature of your specific business context will influence the structure and format of your business plan.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Correct. Well done.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>You do not have to refer to your business\u2019s finances in a business plan.\n<ul>\n<li>True\n<ul>\n<li>Incorrect. Finances are an integral component of a business plan.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Correct.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p>\n<\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice WEquizMultipleChoice WEquizMix\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"assessment\" src=\"https:\/\/course.oeru.org\/ient102\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Multiple choice questions<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t\n<ul>\n<li>In the context of this course, which of the following is NOT mentioned as one of the purposes of a business plan?\n<ul>\n<li>A business plan sets out the business\u2019s strategy\n<ul>\n<li>This is one of the purposes of a business plan.\n<\/li>\n<\/ul>\n<\/li>\n<li>A business plan helps the entrepreneur to be realistic\n<ul>\n<li>This is one of the purposes of a business plan.\n<\/li>\n<\/ul>\n<\/li>\n<li>A business plan describes the company to external audiences\n<ul>\n<li>This is one of the purposes of a business plan.\n<\/li>\n<\/ul>\n<\/li>\n<li>A business plan is needed when you register your company\n<ul>\n<li>You\u2019re right. This statement is not correct, and is not mentioned as one of the purposes of a business plan, nor is it a requirement for registering a company.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>In the context of this course, which of the following elements is NOT included in a business plan?\n<ul>\n<li>Market analysis\n<ul>\n<li>This would definitely be included in a business plan. You need to show that you understand the market conditions, customer needs and wants, and have a plan on how to reach those potential customers.\n<\/li>\n<\/ul>\n<\/li>\n<li>Detailed technical plans\n<ul>\n<li>Correct. This could possibly be included in the appendices of a business plan (if you are launching a technology-based start-up), but you should keep technical details to a minimum in the main body of your plan.\n<\/li>\n<\/ul>\n<\/li>\n<li>Ownership details\n<ul>\n<li>These would be included as part of the company information in your business plan.\n<\/li>\n<\/ul>\n<\/li>\n<li>Financial analysis\n<ul>\n<li>This would definitely be included in a business plan.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>In the context of this course, which of the following is NOT given as a type of start-up business plan:\n<ul>\n<li>Growth business plan\n<ul>\n<li>This is mentioned as one type of business plan, and would be a detailed description of proposed growth, written for internal or external audiences.\n<\/li>\n<\/ul>\n<\/li>\n<li>Strategic business plan\n<ul>\n<li>This is mentioned as one type of business plan.\n<\/li>\n<\/ul>\n<\/li>\n<li>Merger business plan\n<ul>\n<li>You\u2019re right! This is NOT addressed as one type of business plan for business start-ups.\n<\/li>\n<\/ul>\n<\/li>\n<li>Feasibility business plan\n<ul>\n<li>This is mentioned as one type of business plan.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Which of the following are typical uses of prototyping? (Select all options which apply. There are three correct answers):\n<ul>\n<li>To show your potential investors or business partners models of your products\n<ul>\n<li>This is correct. Potential investors or partners are often very interested in seeing product prototypes.\n<\/li>\n<\/ul>\n<\/li>\n<li>To represent your final product\n<ul>\n<li>This is incorrect. A prototype is not your final product. Don\u2019t expect it to look like one.\n<\/li>\n<\/ul>\n<\/li>\n<li>To generate new ideas\n<ul>\n<li>This is correct. One advantage of prototyping is that it can help you see solutions to problems, and to see new possibilities for your idea.\n<\/li>\n<\/ul>\n<\/li>\n<li>To help you think about scalability\n<ul>\n<li>This is correct. A prototype can help you fine-tune your idea(s) and think about scalability.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p>\n<\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.058 seconds\nReal time usage: 0.066 seconds\nPreprocessor visited node count: 280\/1000000\nPreprocessor generated node count: 1206\/1000000\nPost\u2010expand include size: 27066\/2097152 bytes\nTemplate argument size: 18385\/2097152 bytes\nHighest expansion depth: 10\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:185311-0!*!0!*!*!2!* and timestamp 20230222202443 and revision id 1066154\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ient102\/learning-pathways\/business-planning\/outputs-business-planning-learning-challenge\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/ient102\/learning-pathways\/presentations\/overview\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_entrepreneurship\/IENT102\/Planning\/Quiz\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"50e7c88ded720e06b2c3d4d35b83c81f\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_entrepreneurship\/IENT102\/Planning\/Quiz\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"50e7c88ded720e06b2c3d4d35b83c81f\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>The questions which follow provide a basic knowledge test of selected concepts covered in this learning pathway: Business planning. The questions published at the end of each learning pathway are re-used for the knowledge test for learners interested in earning a digital badge or certificate of participation for the Introduction to entrepreneurship (IENT102) micro-course. Please [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3428,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3448","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/comments?post=3448"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3448\/revisions"}],"predecessor-version":[{"id":3449,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3448\/revisions\/3449"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3428"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/media?parent=3448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}