Scenario - Holly and Trent

question 39

Multiple Choice

Scenario - Holly and Trent
While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being self-employed required long hours and hard work, but with the help of her husband, Trent, Holly was positive that the hours and the work would be rewarded. First, she and Trent developed a new concept in sunglasses that could be used by athletes better than the sunglasses now on the market. Holly and Trent obtained a patent on their invention, and began production and marketing.
-After fully developing their new business idea, Holly and Trent recognize the need to develop a business plan. Typical business plans will include all of the following, EXCEPT

• A) mission or vision of the company.
• B) information about the suppliers.
• C) policy for extending credit to customers.
• D) analysis of critical risks that threaten success.
• E) all of these should be included.

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Definitions:

English Group

A collective or organization associated with England or English interests, possibly focusing on language, culture, or mutual objectives.

English Liberty

The concept and practice of personal freedoms and rights historically protected by law in England, often cited as a foundation for modern democratic systems.

Anglo-American Colonies

Refers to colonies in North America that were under British rule, which later formed the United States of America.

English Civil War

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England in the mid-17th century, leading to the trial and execution of Charles I, the dictatorship of Oliver Cromwell, and eventually the restoration of the monarchy.