Prior to Creating a Business Plan, Discussions with Bankers and Investors

question 271

True/False

Prior to creating a business plan, discussions with bankers and investors can help entrepreneurs determine the amount of financing available.

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Definitions:

Legal

Pertains to matters, principles, or the system of rules that are recognized by a country or community as regulating the actions of its members and enforced by the imposition of penalties.

Ethical

Ethical pertains to moral principles that govern a person's behavior or the conducting of an activity.

Foreign Suppliers

Companies or individuals located outside the purchasing country that provide goods or services to businesses or consumers within that country.

Monitor

To observe and check the progress or quality of something over a period of time.