An exit strategy is often included in the financial section of a business plan
Indicate whether the statement is true or false
TRUE
Explanation: Potential investors want to know how the loan will be paid back and this includes an exit strategy. An exit strategy explains what happens to the company when the owner leaves the business, i.e., sells or closes the business, or dies.
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A market can be defined as a group of people willing and able to buy a particular product or service
Indicate whether the statement is true or false
The difference between micro and macro level leadership is in the _________ and ___________.
a. definition; process b. level; scope c. type; focus d. performance level; definition
Which internal control is not an important part of the payroll system?
a. Supervisors verify the accuracy of employee time cards. b. Paychecks are distributed by an independent paymaster. c. Accounts payable verifies the accuracy of the payroll register before transferring payroll funds to the general checking accounting. d. General ledger reconciles the labor distribution summary and the payroll disbursement voucher.
Which of the following best describes a micro rest?
A) A short document with more extensive information available on a PC B) A document with short paragraphs C) A document with embedded links to detailed information D) A document that uses an inverted pyramid format E) A document that is sent using an instant messaging function