The Business Plan Presentation for Potential Investors

question 13

Multiple Choice

The business plan presentation for potential investors: 

• A) should be presented only in writing.
• B) should contain no negative projections.
• C) should enable the entrepreneur to "sell" his or her business concept in a designated period of time.
• D) should provide the entrepreneur's own perspective.

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Definitions:

Corporation

A legal entity that is separate from its owners, offering limited liability protection to its shareholders, and having the ability to raise funds by selling stock.

Balance Sheet Accounts

Accounts found on the balance sheet that include assets, liabilities, and equity, detailing the financial position of a company at a specific point in time.

Permanent Accounts

Accounts that are not closed at the end of the accounting period, such as assets, liabilities, and equity accounts.

Expense Account

An account that tracks the costs incurred by a business during its operations.