Answer the following statement(s) true (T) or false (F)
8. In general, it is not a good idea to use visuals in a business plan.
9. All experts agree that writing a formal business plan is necessary for the success of a startup.
10. Planning is the same as a plan.
11. A Vivid Vision should always be presented as a written document rather than a gallery sketch, a photo montage, or a video.
12. According to the text, you won’t be able to decide whether a business idea is viable until you have talked to at least 50 potential customers.
13. According to the text, a business plan must be thought of as a work in progress because nothing goes according to plan.
8. False
9. False
10. False
11. False
12. True
13. True
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Runners Feet, a shoe store, orders one hundred pair of athletic shoes from Speedster Inc. Absent a contrary agreement between the parties, title will pass to Runners Feet when
A. the parties sign the contract. B. the goods exist and are identified. C. Speedster physically delivers the goods. D. Runners pays for the goods.
Costs that vary in proportion to volume changes, but not directly are considered:
a. semivariable costs. b. factory overhead costs. c. variable costs. d. personnel costs.
Though used differently, brackets are similar to ____________
a. nouns b. parentheses c. periods d. hyphens
A will can be an informal document and need not follow statutory requirements
Indicate whether the statement is true or false