What Is the First Step in the Development of Any

question 80

Multiple Choice

What is the first step in the development of any business letter?

• A) Decide why the recipient is to get the letter
• B) Write down the points that are going to be made
• C) Write down what is going to be said
• D) Write a draft

---

Definitions:

Annuity Due

An annuity where payments are made at the beginning of each period instead of the end.

Bargain Purchase Option

An option given to the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than the expected fair market value.

Future Rents

Future rents refer to the payments that are expected to be received in the future for the use of an asset, typically real estate.

Unreimbursable Costs

Expenses that cannot be recovered or compensated for by any means.