Paul Hempken Just Spoke to an Investor, Who Is Interested

question 63

Multiple Choice

Paul Hempken just spoke to an investor, who is interested in his business idea. Paul offered to send the investor a copy of his full business plan, but the investor asked for a short overview of the business plan instead. What portion of his business plan should Karen send the investor:

• A) marketing plan
• B) executive summary
• C) elevator pitch
• D) company description
• E) operations plan

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Definitions:

Straight Life Insurance

A type of permanent life insurance where the insured pays a consistent premium throughout their lifetime, and the policy pays out a death benefit to the beneficiaries when the insured dies.

Loan Value

The maximum amount of money that a lender will provide to a borrower, often based on the value of the collateral pledged.

Cash Surrender Value

The amount of money an insurance policyholder can receive from the insurer by canceling the policy before it matures or the insured event occurs.

Outstanding

Exceptionally good or prominently distinguished; can also refer to something that is yet to be paid, completed, or resolved.