Which of the following components gives an overview of the business, its business model, market, expectations, and immediate goals?

A. Elevator pitch
B. Executive summary
C. Vision statement
D. Mission statement


Answer: B

Business

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Sarah invests $2,700 today in an account that pays 6 percent interest compounded annually. She wants to know the total balance in her account five years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance.

A. N = 6, I/Y = 5%, PV = 2,700 B. N = 5, I/Y = 6%, FV = -2,700 C. N = 5, I/Y = 6%, PV = 2,700 D. N = 5, I/Y = 6%, FV = 2,700 E. N = 5, I/Y = 6%, PV = -2,700

Business

The Delaware Corporation Code allows the certificate of incorporation to include a provision limiting or eliminating the personal liability of directors to the corporation or to its shareholders for monetary damages for breach of the duty of loyalty

a. True b. False Indicate whether the statement is true or false

Business

Nobel economist Milton Friedman said that the social responsibility of a business is to make money for its shareholders. Into which school of social responsibility would you place Dr. Friedman?

a. Inherence b. Enlightened self-interest c. Invisible hand d. Social responsibility

Business

Information that has ________ gives managers all the information they need to make an effective decision.

A. quality B. timeliness C. accuracy D. completeness E. relevance

Business