All of the following would be considering part of the description of the venture section of the business plan except:
A. the business location.
B. the projected statement of cash flows for the first year.
C. the history of the business.
D. what equipment will be purchased.
Answer: B
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A company owes $200,000 on a bank loan. It will be reported by the company as Accounts Payable.
Answer the following statement true (T) or false (F)
You may choose married filing jointly as your filing status if you are married and both you and your spouse agree to file a joint return. Which of the following facts would prevent you from being considered married for filing purposes?
A) You were married for several years, but your divorce became final in December. B) You are married but living apart until some problems can be solved. C) Your spouse died during the year. D) None of the above.
The SCORE program offers entrepreneurs management advice for a small fee.
Answer the following statement true (T) or false (F)
The price of your investment increases 20% one month after you buy it. You do not believe that the stock's prospects have changed. Which one of the following actions would indicate the lowest amount of risk aversion?
A. You hang on to the stock, anticipating that it will go higher. B. You buy more stock, anticipating that it will go higher. C. You sell all of your stock holdings immediately. D. You sell half of your stock holdings and invest the proceeds in other areas of your portfolio.