Which of the Following Should Be Included in a Good

question 50

Multiple Choice

Which of the following should be included in a good business plan?

• A) Overstated numbers
• B) Outdated information
• C) Resume of employees
• D) Strength and opportunities of a business

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Definitions:

Credit Terms

These are the payment conditions imposed by the seller on the buyer, including payment deadline, discount for early payment, and penalty for late payment.

Discount Period

The time frame between the purchase of a bill or note and its maturity date, during which the bill is discounted from its face value.

Production Run

A period during which a particular batch of goods is manufactured.