Discuss some of the problems that confront an entrepreneur when preparing a business plan.
What will be an ideal response?
• Insufficient information on competitors
• Not enough market information over 3-5 years to give a trend
• Not good cost/unit information
• Inaccurate determination of money needed
• Not able to obtain a good board of advisors
• Not able to determine an accurate 5-year pro forma income statement and pro forma cash flow statement
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Which report is not an output of the Financial Reporting System (FRS)?
a. variance analysis report b. statement of cash flows c. tax return d. comparative balance sheet
According to the text, the cost of importing a foreign sourced product, including freight, insurance, and packing
A. is insignificant. B. may range from 10 to 12 percent of the cost of the product. C. may not be charged if the terms of sale are CIF, port of entry. D. may range from 26 to 110 percent of the cost of the product.
Whether you're using the Modern Language Association (MLA) or the American Psychological Association (APA) referencing style, you should list all sources chronologically in the order you consulted them
Indicate whether the statement is true or false
Discuss writer credibility for persuasive messages. Mention where credibility comes from and levels of credibility for different audiences