Along with Business Planning, It Is Imperative That an Entrepreneur

question 42

Multiple Choice

Along with business planning, it is imperative that an entrepreneur think ahead about what would happen if things do not go well. In order to know how to deal with a worst-case situation or crisis, he or she should create a ____________ or plan B.

• A) operational plan
• B) sustainability plan
• C) feasibility study
• D) disaster relief plan
• E) contingency plan

Distinguish between equity and debt securities and their impact on financial statements.

Describe the impact of investment activities on cash flows and financial ratios.

Know the accounting treatments for interest and dividends received from investments.

Recognize the effect of foreign exchange rates on international investments.

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Definitions:

Diagramming Software

Computer applications designed to create diagrams, flowcharts, and other types of graphical representations.

Electronic Mail

A method of exchanging messages between people using electronic devices, commonly known as email.

Project Management

The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

Proprietary Software

Software that is owned by an individual or company, with usage rights typically obtained through purchase or licensing.