pg 42

Question 1

All objectives within the plan should __________ of the business –
this will lead to unity of effort and compatibility of goals that have been
established

Answer 1

support the overall plan

Question 2

____________ – specific numbers help create measurement of
success e.g. to have 30 customers per week after 6 months

Answer 2

Explicit and clearly stated

Question 3

______________ them as much as possible, including a time frame. While a qualitative
component is possible, quantifying objectives is the only way to accurately
measure the success of the business plan.

Answer 3

Quantify

Question 4

________ by the person who is responsible to complete it—in other words, try
not to achieve too much in a short period of time – it must be a _________________ challenge and thus provide a sense of accomplishment when surpassed
Take into account factors outside the control of the practitioner

Answer 4

Obtainable
reasonable and
realistic

Question 5

Objectives should be limited to a _______________ as too many causes
confusion or diminishes the importance of key ones and relegates all objectives to
become minor in nature to the reader – consolidate related objectives into one
major objective

Answer 5

reasonable number

Question 6

Give objectives a _______________ according to their relative importance
Refer to them often to ensure strategies and action plans are meaningful

Answer 6

ranking in priority

Question 7

All objectives within the plan should __________ of the business –
this will lead to unity of effort and compatibility of goals that have been
established

Answer 7

support the overall plan

Question 8

_______: specific numbers help create measurement of

success e.g. to have 30 customers per week after 6 months

Answer 8

Explicit and clearly stated

Question 9

________ them as much as possible, including a time frame. While a _______
component is possible, __________ objectives is the only way to accurately
measure the success of the business plan

Answer 9

Quantify
qualitative
quantifying

Question 10

___________ by the person who is responsible to complete it—in other words, try
not to achieve too much in a short period of time

Answer 10

Obtainable

Question 11

___________ challenge and thus provide a sense of accomplishment when surpassed

Answer 11

reasonable and

realistic

Question 12

Take into account factors _____________ of the practitioner – there are
always external constraints that will affect a business operation

Answer 12

outside the control

Question 13

Objectives should be limited to a ____________ as too many causes
confusion or diminishes the importance of key ones

Answer 13

reasonable number

Question 14

Give objectives a __________ according to their relative importance
Refer to them often to ensure strategies and action plans are meaningful

Answer 14

ranking in priority