Yashmi Wants to Start an Event Management Firm with Two

question 19

Multiple Choice

Yashmi wants to start an event management firm with two of her friends.She decides to create a business plan that will help her in securing financing for her firm.Which of the following should she include in the business plan?

• A)A list of her previous clients
• B)A list of the potential lenders
• C)An introduction that includes the objectives of her business
• D)A time frame for selling stock to investors

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Definitions:

Exempt Property

Assets that cannot be seized by creditors to satisfy a debt, as defined by law.

Judgment Debt

An obligation arising from a court's final decision requiring a debtor to pay a sum of money to the creditor.

Personal Property

Assets or possessions that are movable and not permanently fixed to one location, unlike real property or real estate.

Creditor's Judgment

A legal decision awarded to a creditor, granting them the right to collect a specified amount of money from a debtor who has failed to fulfill their financial obligations.