quiz__4_answers - ENGRI 127 Name_ Quiz for February 18 21,...

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ENGRI 127 Name_______________________________ Quiz for February 18 – 21, 2008 1. According to the textbook, __________ of the 600 entrepreneurs that participated in a recent Wells Fargo/Gallup Small Business Study indicated that they had started their venture with a business plan. A. 98 percent B. 2 percent C. 31 percent E. 3 percent 2. A business plan is important for two reasons: it is an internal document that helps a new business flesh out its business model and solidify its goals and: A. it is a financial document B. it is a selling document for the company C. it is a public relations document D. it is a forecast E. it is a contract that is signed by the founders of the firm 3. Companies that formulate their initial business plans in secret refer to themselves as operating in __________ mode. A. stealth B. twilight C. deep space D. covert E. midnight 4. According to the textbook, in the first meeting with company founders, the investors typically focus on : A. legal and tax issues
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quiz__4_answers - ENGRI 127 Name_ Quiz for February 18 21,...

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