You Have Decided to Go into Business for Yourself

question 172

Multiple Choice

You have decided to go into business for yourself.On your loan application,you state that you intend to open a flower shop in the Village Center Mall.What does this statement on your loan application represent?

• A) A strategic goal
• B) An operational plan
• C) A mission statement
• D) A strategic plan
• E) A tactical plan

Analyze Supreme Court cases related to wartime policies and their impacts.

Evaluate the rhetoric of World War II and its influence on post-war ideals of human rights and freedom.

Assess the impact of World War II on ethnic minorities in America and the foundations it laid for future civil rights movements.

Understand the concepts of unionism and the types of unions along with their strategies to influence labor markets.

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Definitions:

Operating Segments

Components of an enterprise that engage in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the entity's chief operating decision maker.

Financial Reporting

The process of disclosing financial results and related information to stakeholders and the public, typically through formal documents.

Reportable Segments

Portions of a business that have distinct financial information available and are regularly reviewed by the company's management for decision-making purposes.

GAAP

Generally Accepted Accounting Principles, which are a set of rules encompassing the details, complexities, and legalities of business and corporate accounting.