When the Owner of a New Firm Is Developing a ________

question 1

Multiple Choice

When the owner of a new firm is developing a ________, the individual should contact vendors and suppliers to ask about payment terms.

• A)cash flow projection
• B)cash flow statement
• C)margin profit analysis
• D)gap deficiency analysis

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Definitions:

Consideration

An essential element in contract law, referring to something of value exchanged between parties as part of an agreement.

Consideration

In contract law, the value (which could be an object, service, money, or promise) that is given in exchange for a promise or performance by another party.

Adequacy

The quality or state of being sufficient, suitable, or appropriate for a particular purpose.

Consideration

Something of value exchanged between parties in a contract, required for the agreement to be legally binding.