A 2015 Wells Fargo/Gallup Small Business Index Survey Found That

question 16

Multiple Choice

A 2015 Wells Fargo/Gallup Small Business Index Survey found that only ________ percent of business owners have a formal business plan.

• A) 10
• B) 15
• C) 27
• D) 33
• E) 42

Assess the impact of asset and cost growth rates on financial strategies and outcomes.

Grasp the principles of the sustainable growth rate and its implications for business expansion without new equity.

Understand the role of working capital decisions in financial management.

Identify the importance of setting a planning horizon and formulating financial policies as part of the strategic financial planning process.

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Definitions:

Peg Methods

Mnemonic techniques for memory enhancement in which items to be remembered are associated with a list of peg words known in a specific order.

Verbal Organizations

Structures and procedures for arranging words and phrases systematically to create meaningful language or discourse.

Working Memory

An intelligence system with limited abilities, focused on short-term maintenance of information for processing activities.

Maintenance Rehearsal

A cognitive process that involves repeatedly verbalizing or thinking about a piece of information to keep it in short-term memory.