Which of the Following Statements Is Incorrect Regarding the Executive

question 4

Multiple Choice

Which of the following statements is incorrect regarding the executive summary of a business plan?

• A) It is a short overview of the entire business plan.
• B) In many instances an investor will first ask for a copy of a firm's executive summary and will request a copy of the full business plan only if the executive summary is sufficiently convincing.
• C) It is arguably the most important section of the business plan.
• D) It should not exceed two single-spaced pages.
• E) The executive summary is the first thing that should be written in preparing a business plan.

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Definitions:

Option Agreement

A contract granting a party the right, but not the obligation, to buy, sell, or engage in a specific transaction at agreed terms within a specified time.

Property

Property refers to legally protected claims to resources, such as land, personal possessions, intellectual property, or other assets that are owned or controlled by a person or entity.

Unilateral Contract

A contract formed when one party performs what has been requested by the other party; there is a promise followed by an act, but not an exchange of promises.

Lost Dog

A canine that has gone missing from its owner's home or care.