Before Opening His Own Business, Kareem Was Writing a Report

question 52

Multiple Choice

Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as

• A) a SWOT analysis.
• B) a business portfolio.
• C) a business plan.
• D) a competitive analysis.
• E) a mission statement.

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Definitions:

Working Papers

The documents used and developed by an accountant during an audit, such as notes, computations, and memoranda.

Audit Completion

The process wherein the examination of a company's financial records is concluded and results are compiled.

Attorney-client Relationship

A legal relationship established when an attorney agrees to provide legal representation to a client, characterized by confidentiality and a duty of care.

Privileged Communications

Confidential communications that are protected from disclosure in legal proceedings under certain conditions.