The Executive Summary of a Business Plan Is Constructed to Remind

question 18

True/False

The executive summary of a business plan is constructed to remind the executive of his plan for the new business

---

Definitions:

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to a specified person.

Collection Delay

The time lag between when a company issues an invoice and when it actually receives payment, affecting cash flow and liquidity.

Average Daily Receipts

The average amount of money received by a company per day over a given period, often used to measure cash flow or performance.

Customers

Individuals or entities that purchase goods or services from a business, essentially driving the revenue of the company.