Match the Following

question 92

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Has a proven business plan

• A)Starting a business from scratch
• B)Buying an existing business
• C)Buying a franchise
• D)Both starting a business from scratch and buying an existing business
• E)Both buying an existing business and buying a franchise

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Definitions:

Profit or Loss Test

A method used to determine the effectiveness and efficiency of a business by comparing its profits or losses over a specific period.

Asset Test

A means of determining an individual's or entity's ability to meet its financial obligations by comparing its liquid assets against its current liabilities.

Operating Segments

Elements of a corporation for which distinct financial data is obtainable, which the chief operating decision maker reviews routinely to determine resource allocation and to evaluate performance.

Reporting Tests

Procedures or checks utilized to ensure financial information is accurate, complete, and in compliance with regulations.