To Facilitate Preparation of the Financial Portion of a Business

question 38

Multiple Choice

To facilitate preparation of the financial portion of a business plan and the making of changes in the plan, the writer should use

• A) a sample plan.
• B) a plan preparation manual.
• C) an annuity table.
• D) a computer.

---

Definitions:

Overall Profits

The total financial gain obtained by a business after subtracting all expenses from the revenue.

Manufacturing Expense

Costs directly associated with the production of goods, including materials, labor, and factory overhead expenses.

Single Product

A business strategy or production model focused on the manufacture or sale of one specific product.

Production Cost

The total expense incurred in manufacturing a product, including raw materials, labor, and overheads.