A Good Executive Summary Provides the Opportunity to Develop an Elevator

question 24

Multiple Choice

A good executive summary provides the opportunity to develop an elevator pitch.What is an elevator pitch?

• A) The approach you take when selling elevators
• B) The short explanation of your business idea condensed to its essence
• C) Directions you provide vendors to find your business
• D) A list of your products

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Definitions:

AASB 101

An Australian Accounting Standards Board standard that prescribes the basis for presentation of general purpose financial statements, to ensure comparability both with the entity's financial statements of previous periods and with the financial statements of other entities.

General Purpose Financial Statements

Financial reports prepared to meet the needs of various users who are not in a position to demand reports tailored to their specific information requirements.

Interim Financial Statements

Financial reports that cover a period of less than one full fiscal year, often used to provide a more immediate view of a company's financial health.

Dissimilar

Pertaining to things that are not alike or have no likeness or similarity.