Which statement about the management plan is INcorrect?
a. Potential investors are generally more interested in the financial plan than the management plan.
b. Some needs for management talent can be met through a board of directors or an advisory board.
c. The plan should identify necessary managerial skills and how managerial activi-ties will be organized into positions.
d. When you create a business plan, the complete management team may be un-known.
e. It should open with a restatement of key management roles and requirements.
a
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Cash received on account affects
a. cash and accounts payable; b. cash and accounts receivable; c. accounts receivable and revenue; d. accounts receivable and accounts payable; e. cash and owner's equity.
A central business district is characterized by a concentration of _____
a. convenience stores b. parking facilities c. suburban housing d. cultural and entertainment facilities
What is the Net Present Value (NPV) for the cash flows provided in the table below?
Note: The negative cash flow for year 0 is the initial investment for the project. The required rate of return is 8% and the internal rate of return is 9.70%. Year Cash Flow 0 -$100,000 1 $40,000 2 $40,000 3 $40,000 A) $0.00 B) $100,000.00 C) $3,083.88 D) -$103,083.88
Cynthia Catucci is considering going into business. She wants to offer an income tax service. To minimize her chances of failure, she might consider
A. buying a franchise. B. starting from scratch. C. dealing only with wealthy people. D. trying to enter the manufacturing industry instead. E. borrowing money from the SBA.