RFEI. Final Exam Business Planning

The exam answers 50 questions. Here are the first three:

1. The advantage of business planning is that it:
a) teaches you to think first and then do;
b) allows you to make mistakes first in fact, and then on paper;
c) teaches to rely solely on intuition;
d) relieves the head of the need to stimulate the creative activity of subordinates.

2.According to management consultant Paul Barrow, a really good business plan is:
a) most often obtained on the first try;
b) usually succeeds on the second try;
c) usually succeeds on the third attempt;
d) it turns out, as a rule, from the tenth time.

3. A business plan, which is drawn up in order to improve the efficiency of the company, should have the following volume:
a) much less than 20-40 pages;
b) 20-40 pages;
c) much more than 20-40 pages;
d) 50 pages.