What Is Included in the Financial Section of a Business

question 47

Multiple Choice

What is included in the financial section of a business plan?

• A)the industry,business structure,and products and services
• B)a description of potential customers and competitors
• C)income and cash flow,balance sheets,and financial projections
• D)financial projections only

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Definitions:

Additional Staff

The employment of extra personnel beyond the current number to meet increased demands or to fulfill specific roles within an organization.

Total Collection Time

The total period it takes for a business to convert its accounts receivable into cash.

Cash Management

The process of collecting, managing, and investing a company's cash flows in a way that meets its operational and financial objectives.

Zero-Balance Account

A chequing account in which a zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover cheques presented.