The Narrative Form of an Executive Summary

question 72

Multiple Choice

The narrative form of an executive summary

• A) is more straightforward than the synopsis form.
• B) allows the author to include hyperbole that builds enthusiasm.
• C) is a better format for ventures that have several dominant advantages.
• D) works well for companies with impressive histories.

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Definitions:

Term Loans

Loans from financial institutions that are repaid over a set period of time with scheduled payments.

Personal Guarantees

A commitment by an individual to repay a debt if the original borrower defaults, often required in business loans.

Joint and Severable

A legal term indicating that all parties in a contract are equally responsible for fulfilling the terms of the agreement, and each can be held fully accountable.

Interest Rates

The cost of borrowing money or the return on investment, expressed as a percentage of the principal, that lenders charge or pay over a specific period.