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:

Performance Opportunities

Situations or circumstances that allow individuals or organizations to showcase or enhance their abilities and results.

Systematic Thinkers

Individuals who approach problems or situations with a methodical and logical process, often considering the overall structure, function, and order.

Strategic Opportunism

The ability to remain focused on long-term objectives while being flexible in dealing with short-term problems.

Long-term Objectives

Goals or targets set to be achieved over an extended period, typically looking several years into the future.