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:

Book Value

The net value of an asset according to its balance sheet account balance, calculated as the original cost minus accumulated depreciation.

Impairment Loss

The amount by which the carrying amount of an asset or a cash-generating unit exceeds its recoverable amount.

Fair Value

The estimated market value of an asset or liability, reflecting the price it would fetch in an orderly transaction between market participants at the measurement date.

Book Value

The net value of a company's assets, minus its liabilities, as it appears on the balance sheet.