An effective business plan analyzes the competition and identifies the resources required to profitably serve a target market.
Answer the following statement true (T) or false (F)
True
An effective business plan must consider all the aspects of operating a new business in detail.
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"Hypercompetition" is a term that describes a business environment of escalating rivalry characterized by rapid product innovation and short product life cycles
Indicate whether the statement is true or false
Which of the following statements regarding bonds payable is true?
a. Generally, bonds are issued in denominations of $100. b. When an issuing company's bonds are traded in the "secondary" market, the company will receive part of the proceeds when the bonds are sold from the first purchaser to the second purchaser. c. A debenture bond is backed by specific assets of the issuing company. d. Most bonds are term bonds, meaning that the entire principal amount will mature on a single date.
What is the purpose of the following journal entry? DR Payroll CR FICA Taxes Payable CR Employee Income Tax Payable CR Wages Payable
a. To record payroll for the period. b. To accrue payroll at the end of the period. c. To record payroll taxes for the period. d. To distribute payroll for the period.
Accumulated Depreciation accounts are liability accounts
Indicate whether the statement is true or false