The Following Are All Key Elements in the Company and Management

question 35

Multiple Choice

The following are all key elements in the company and management team section of the business plan EXCEPT ________.

• A)description of which companies will provide the materials to manufacture the product
• B)explanation of what economic trends are emerging and how they will affect future growth
• C)description, if applicable, of the board members for the business
• D)explanation of why the business has the unique opportunity to impact the industry

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Definitions:

Net Income

The total profit of a company after all revenues, costs, and expenses have been deducted, also known as the bottom line.

Long-Term Investments

Assets that a company intends to hold for more than one year, such as stocks, bonds, real estate, or other financial instruments.

Fair Value

An estimate of the appropriate value of an asset or liability based on current market conditions.

Available-For-Sale

A classification for financial assets implying that they can be sold in the future; these assets are not necessarily held till maturity and their unrealized gains or losses are generally reported in other comprehensive income.