The Most Important Element of a Business Plan's Financial Plan

question 109

Multiple Choice

The most important element of a business plan's financial plan is the cash budget, which shows:

• A) how many units must be sold to recover start-up costs.
• B) the tangible assets owned by the firm.
• C) how much money is needed to start the business and keep it operating.
• D) the salary which the entrepreneur will earn.
• E) how many business units should be opened and the annual tax payment to be made.

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Definitions:

Groove

A long, narrow cut or depression in a hard material, often used to fit another component or allow the passage of fluids.

Groove

A long narrow cut or depression, typically in a hard material, which can serve a variety of purposes such as providing a track or reducing friction.

Undercut Dimensions

Measurements related to features not easily visible or accessible because they're under other surfaces, often challenging to machine or measure.