Sam Is Eager to Start a Local Magazine That Will

question 99

Multiple Choice

Sam is eager to start a local magazine that will include articles about health and fitness and provide a place for local health and fitness professionals to advertise their services. Which of the following does he NOT need to include in his business plan?

• A)risk analysis
• B)financial plan
• C)product plan
• D)operational plan

Understand the dynamics of resistance to change and the concept relating to the stages experienced by individuals.

Describe the characteristics of a centralized organizational structure.

Grasp the essence of Kotter's 8 Step Change Model, starting with the creation of a sense of urgency.

Define the organizational structure and its impact on employee relationships, responsibilities, and accountability.

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Definitions:

Accounts Receivable Turnover

A measure of how efficiently a company collects its outstanding credit sales, calculated as sales divided by average accounts receivable.

Accounts Payable Period

The amount of time it takes for a business to pay its suppliers after receiving goods or services, reflecting the company's payment policy towards its creditors.

Accounts Receivable

Sum owed by clients to a company for goods or services that have been dispatched or provided, with payment still due.

Cost of Goods Sold

Cost of Goods Sold (COGS) is the direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.