Which of the Following Is Incorrect Regarding the "Total Startup

question 57

Multiple Choice

Which of the following is incorrect regarding the "total startup cash needed" component of financial feasibility analysis?

• A) It's not necessary to complete an actual budget of startup expenses.
• B) When explaining where the startup funds will come from, avoid cursory explanations such as "I plan to bring investors on board" or "I'll borrow the money."
• C) There are worksheets posted online that help entrepreneurs determine the startup costs to launch their venture.
• D) An explanation of where the startup funds will come from should be included.
• E) If the money will come from friends and family or is raised through other means, a reasonable plan should be stipulated to repay the money.

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Definitions:

Not Common

Refers to something that is rare or not frequently encountered.

Independent Adoption

A privately arranged adoption, as when a doctor, lawyer, or other person puts a couple in contact with a pregnant woman desiring that her child be adopted.

Confidential Adoption

An adoption process where the birth parents' and adoptive parents’ identities remain sealed and private.

Legal Parents

Individuals who have a legal relation to a child, whether through biological connection, adoption, or other legal means.