In the Context of the Various Strategies That Can Help

question 111

Multiple Choice

In the context of the various strategies that can help a small business owner succeed, a _____ provides an invaluable way to keep an entrepreneur and his or her team focused on success; it is also absolutely crucial for obtaining outside funding.

• A) business warrant
• B) business resource
• C) business directory
• D) business plan

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Definitions:

M2

A gauge of the total money available that encompasses physical currency, deposits in checking accounts, and near money assets like savings accounts and money market investments, which can be quickly converted to cash.

Savings Deposits

Accounts at banks or financial institutions where individuals can deposit their money to earn interest over time.

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the bank.

Fiscal Policy

Governmental policies regarding taxation and spending to influence an economy.