SAMPLE QUESTIONS
(b) What is the importance of preparing a business plan?
(b) Describe the structure of a business plan.
b) Describe the structure of an executive summary?
(b) What are the contents of a management plan?
(b) What are the problems that may hinder the successful implementation of a business plan?
(b) Describe the tools an entrepreneur may use to monitor business operations.
(b) Of what importance is an operational budget to an entrepreneur?
(b) Explain the importance of work schedule to an entrepreneur.
(c) Examine the factors considered by an entrepreneur when preparing a daily schedule.
(b) Of what importance of the following to an entrepreneur
cash flow statement
Marketing plan
10. (a) Why is it necessary for entrepreneurs to carry out proper budgeting?
(b) Describe the steps involved when preparing an operational budget.
General description of a business.
Financial plan
(b) Explain the challenges faced when carrying out budgeting.
(b) What are the various pre-operating expenses business incur?
(b) What is the importance of setting goals in business?
(b) What are the elements of a cash flow statement?
END
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