The Comprehensive Business Plan Should Be the Result of

question 9

Multiple Choice

The comprehensive business plan should be the result of

• A)reflections on the direction of the venture.
• B)continuous operations of the venture.
• C)investors' promises of capital.
• D)the entrepreneur's best guesses.

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Definitions:

Deferred annuity

An annuity contract that delays payments of income, installments, or a lump sum until the investor elects to receive them.

Ordinary annuity

Regular payments of the same amount made at set intervals, during which interest is calculated and added at the end of each period.

Conditional sale contract

An agreement where the sale is conditional upon certain terms, often used in property and vehicle sales where possession is granted but legal ownership is retained by the seller until full payment is received.

Compounded monthly

The process of adding interest to the principal sum of a loan or deposit, where the interest is added monthly.