The Final Section of a Business Start-Up Plan Gives Information

question 18

Multiple Choice

The final section of a business start-up plan gives information about _____.

• A)The venture's products and services
• B)The resources required for operating the venture
• C)How resources will be mobilized over time
• D)Organizational members and partners of the new venture

---

Definitions:

Expenses

Expenses are the outflows or the utilization of assets or incurring of liabilities during a period in the course of generating revenue.

Cash

A liquid asset representing currency or its equivalents that can be used immediately in transactions without any conversion or delay.

Services Rendered

The provision of work performed by one party for another in exchange for compensation.

Earning Revenue

Earning revenue refers to the total amount of money earned or income generated from a company's normal business activities before any costs or expenses are deducted.