One of the First Characteristics or Points of a Successful

question 75

Multiple Choice

One of the first characteristics or points of a successful business plan is:

• A) a profile of potential customers and market needs.
• B) demonstrate a clear, compelling vision that creates an air of excitement.
• C) the key ingredient of the business that will attract million of customers.
• D) the entrepreneur's background and role in the company.
• E) essential information about funding received so far.

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Definitions:

Residential Mortgage Loan

A loan secured by real property, typically a residential property, where the borrower is obliged to pay back with a predetermined set of payments.

Promissory Note

A written, legally binding promise to pay a specified sum of money to a designated person at a specified date or upon demand.

Compounded Semiannually

Interest calculation method that applies the interest to the principal balance and the accumulated interest twice each year.

Simple Annualized Yield

A calculation of investment earnings that does not account for compounding within the year, expressed as an annual rate.