Which Portion of the Business Plan Lays Out the Basic

question 116

Multiple Choice

Which portion of the business plan lays out the basic charter of the business and establishes its long-term direction?

• A)Mission statement
• B)Market analysis
• C)Financial projections
• D)Contingencies section

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Definitions:

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged or settled between knowledgeable, willing parties in an arm's length transaction.

Trading Securities

Financial securities purchased by a company, not intended for long-term investment but rather for making a profit in the near term from their sale or trade.

Unrealized Holding Loss

A decrease in the value of an investment that has not yet been sold for cash.

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period.