_______ is the primary reason that entrepreneurs create business plans.
A. To get financing and reduce competition
B. To develop a mentoring plan
C. To think through important details and focus on a code of ethics
D. To get financing and think through important details
E. To develop a code of business and succeed
D. To get financing and think through important details
There are several advantages to writing a business plan. The reasons: Creating such a plan helps entrepreneurs get financing ("If you want us to invest our money, show us your plan"). It helps you think through important details ("Don't rush things; it's best to get the strategy right"). Finally, it increases the changes that the firm will succeed. (A study of 396 entrepreneurs in Sweden found that a greater number of firms that failed never had a formal business plan.)
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Which of the following is the most serious limitation to financial statement analysis of publicly traded companies?
a. Some companies do not use GAAP. b. Inflation can distort comparisons between years. c. Some companies report nonoperating items such as extraordinary gains and losses, while others do not. d. Different industries use different account names.
The ratio of benefits to costs is one way to think of ________
A) sustainability B) profits C) value D) competitive advantage E) distinctive competency
From the language of Section 1 of the Sherman Act, it is apparent that the purpose of Section 1 is to attack unilateral action in restraint of trade.
Answer the following statement true (T) or false (F)
Which of the following statements relating to the way that banks assess credit risk, is irrelevant?
a. the borrower's credit history. b. the quality of the collateral . c. the character of the senior officers of the borrowing firm. d. all of the above are relevant.