As Seen on the Business Plan Flowchart Figure in the Chapter

question 51

Multiple Choice

As seen on the business plan flowchart figure in the chapter, the last step in preparing a business plan is

• A) Developing marketing strategy
• B) Identifying critical risks and assumptions
• C) Computing financial ratios
• D) Preparing the executive summary

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Definitions:

Operating Cash Flow

The cash generated from the normal operations of a business, excluding costs associated with financing or investments.

Statement of Comprehensive Income

The comprehensive income statement is a financial document that encompasses all equity alterations within a period, excluding those caused by owner investments and distributions.

Cash Flow

The entire sum of cash and assets that are equivalent to cash being channeled into and out of a business venue.

Net Income

The total revenue minus expenses, taxes, and costs, representing the profit a company makes during a specific period.