Which of the Following Is Not a Necessary Component of a Business

question 67

Multiple Choice

Which of the following is not a necessary component of a business plan?

• A) A cover page
• B) An executive summary
• C) Products and services
• D) Advertising samples and brochures

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Definitions:

Percent Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage.

Fees Earned

Revenue recognized by a company for services provided to clients, recorded as earned income on the income statement.

Account Group

A categorization of accounts in financial reporting, often organized by similarity or function within the general ledger.

Revenue

The total income generated by a company from its business activities, such as sales of goods or services, before any expenses are deducted.