Page 108 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

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16. The primary purpose of a business plan 21. The BEST reason for preparing a
is to statement of cash flow for a new venture
is
(A) clarify the venture‟s vision
(B) clarify the venture‟s mission (A) to determine unpaid debts
(C) determine an exit strategy (B) to support the business model
(D) establish the venture‟s (C) for the benefit of shareholders
feasibility (D) because it is one of the
documents required to register
the venture
17. Which of the following is a key
component of a business model?
22. The point at which a venture is neither
(A) Cost making profits nor losses is described by
(B) Price the term
(C) Value prosition
(D) Business plan (A) start-up
(B) buck-up
(C) cash strap
18. In which of the following sections of a (D) break even
business plan would you find
promotional resource?
23. Which of the following is NOT a source
(A) Financial of funding for a new venture?
(B) Marketing
(C) Operations (A) Gift
(D) Management (B) Loan
(C) Sales
19. The process by which the strengths and (D) Grant
opportunities for an existing venture are
identified is known as
24. Which of the following is a KEY
(A) SWOT analysis component of a business plan?
(B) PEST analysis
(C) benchmarking (A) Venture logo
(D) financial ratio analysis (B) SWOT analysis
(C) Executive summary
(D) Organizational chart
20. The potential success of an
entrepreneurial venture is determined
through a 25. The business model for a new venture
must
(A) feasibility study
(B) vision statement (A) show the source of funding
(C) mission statement (B) show the top managers of the
(D) profit and loss statement venture
(C) include a contract between
management and workers
(D) state what will be done
differently to create value

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02224010/SPEC 2013