A ________ Is a Written Document That Describes All the Aspects

question 15

Multiple Choice

A ________ is a written document that describes all the aspects of a business venture in a concise manner.

• A) business plan
• B) business model
• C) operations plan
• D) corporate plan
• E) contingency plan

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Definitions:

Sale Of Accounts Receivable

A financial transaction where a company sells its outstanding invoices to a third party at a discount, in order to receive immediate cash.

Commission Charged

A fee paid to an employee or agent for facilitating a sale, typically a percentage of the sale amount.

Factor

A financial company that purchases receivables from businesses, providing them with immediate cash.

Impairment

Impairment is a reduction in the recoverable value of an asset below its carrying value, leading to an expense in the income statement.