The following statement answers which major question that a business plan should address? "This business will serve over 200 customers by the end of the year and employ seven full-time employees."

A. How much will the new business cost?
B. Why is this new business a good idea?
C. What are the goals for the business?
D. What is the nature and mission of the business?
E. How often will the business advertise?


Answer: C

Business

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Fill in the blank(s) with the appropriate word(s).

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Indicate whether the statement is true or false

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A union with strong _______________________________ can impose significant costs on management through a strike.

Fill in the blank(s) with the appropriate word(s).

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An advantage of FIFO is that it assigns the most recent costs to cost of goods sold, and does a better job of matching current costs with revenues on the income statement.

Answer the following statement true (T) or false (F)

Business