FREE Business Case Writing MCQ Questions and Answers

Question 1

What is the first section called in a business case?

Accepted Answer

Problem statement

Answer

Market opportunities

Answer

Risks and costs

Answer

Solution benefits

Question 2

What is the first step in developing a business case?

Accepted Answer

Research

Answer

Brainstorming

Answer

Writing a goal

Answer

Analyzing competition

Question 3

What should be your approach while working on different documents that form a business case?

Accepted Answer

Focus on one at a time, while keeping your notes organized.

Answer

Work on all the documents at once without prioritizing.

Answer

Work only on the project plan as it is the most essential.

Answer

Jump between different documents haphazardly.

Question 4

What is the purpose of an implementation plan for a project?

Accepted Answer

To discuss how the project will be executed and track metrics to measure success

Answer

To gather research for the project

Answer

To make a formal business case for the project

Answer

To write a comprehensive business plan for the project

Question 5

What are the components of a business case?

Accepted Answer

Why a project should be done, the benefits, costs, risks, and budget.

Answer

Marketing strategies, advertising tactics and brand positioning

Answer

Revenue forecasts, operational targets, and sales figures.

Answer

Employee engagement and team building

Question 6

What is the purpose of an executive summary in a business case?

Accepted Answer

To provide a brief overview of the contents and hook the reader

Answer

To recommend a solution

Answer

To provide a financial overview

Answer

To analyze the problem statement

Question 7

When should the problem statement section be written?

Accepted Answer

It should be written after writing the other sections

Answer

It should be written before writing any other sections

Answer

It should be written simultaneously as other sections

Answer

It is not necessary to include a problem statement