The Following Are All Key Elements in the Company and Management

question 35

Multiple Choice

The following are all key elements in the company and management team section of the business plan EXCEPT ________.

• A) description of which companies will provide the materials to manufacture the product
• B) explanation of what economic trends are emerging and how they will affect future growth
• C) description, if applicable, of the board members for the business
• D) explanation of why the business has the unique opportunity to impact the industry
• E) the mission and vision statements

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Definitions:

Guarantee

A formal assurance or promise, often related to the quality or durability of a product, or the fulfillment of a contract.

Guaranteed

Promised with certainty or underwritten with a promise of payment or performance.

Defaulted

Refers to the failure to meet a legal obligation or agreement, especially failing to make required payments on a loan.

Personal Property Security Act

Legislation that governs the creation and registration of security interests in personal property, aside from real estate, to secure payment or performance of an obligation.