For Several Years, Addison Has Volunteered to Play the Piano

question 69

Multiple Choice

For several years, Addison has volunteered to play the piano and sing at a local nursing home. Now, Addison has decided the time was right to get into the growing eldercare market. She created Music and Memories, a nonprofit corporation that would hire local talent to perform her own music productions directed toward this market. In order to write and produce several productions each year, Addison needed start-up funds. An instructor at the local community college suggested that she begin by ________, because this effort would help introduce her idea to interested investors as well as suggest government grant applications that Addison might pursue.

• A) preparing her business plan
• B) finding talented performers
• C) writing themed performances such as a Thanksgiving concert and a Valentine's Day concert
• D) developing a list of start-up costs

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Definitions:

Technological Changes

The overall process of invention, innovation, and diffusion of technology or processes.

Direct Lease

A lease where the lessor purchases the asset and then leases it directly to the lessee, without using a lease intermediary.

End User

The ultimate consumer of a product or service, who uses it for its intended purpose.

Direct Lease

A lease agreement directly between a lessor and lessee, often used in commercial real estate, where the lessee assumes both the benefits and risks of asset ownership.