1. Which of the following would not usually be a section of a business plan?

Contingencies

Mission and strategy statement

Dividend policy

Management and staffing

2. The major audiences for a firm's business plan are:

the firm's own management.

outside investors.

Neither "the firm's own management" nor "outside investors".

Both "the firm's own management" and "outside investors".

3. Large companies tend to do which of the following types of business planning?

Operational planning

Budgeting and forecasting

Strategic planning

All of these choices are correct.

4. The time period covered by a business plan is often called the:

plan's maturity.

budget period.

planning quarter.

planning horizon.

5. Strategic planning involves broad thinking about a firm's mission, and goals. It usually has a time frame or planning horizon of:

10 to 20 years.

five years.

one to three years.

Any of these choices are correct.