In Order to Meet the Financial Needs for Future Business

question 119

Multiple Choice

In order to meet the financial needs for future business growth as well as current demands, TruWood Cabinet Makers must secure a business loan of $125,000 from a local bank. The loan committee has asked owner and general manager Jarret Jones to write a comprehensive business plan that meets all of First Security Bank’s requirements for such a large loan. After a lot of research and careful writing, the plan is constructed and ready for presentation to the loan committee.
-The section of his business plan in which Jones sets forth the purpose of his cabinet-making business-its reason for existing-is called the _____.

• A)"Executive Summary"
• B)"Vision Statement"
• C)"Statement of Goals"
• D)"Mission Statement"

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Definitions:

Majority Group

refers to the segment of a population that constitutes more than half of its entirety or holds a dominant position in a social hierarchy.

Stigma Consciousness

The awareness and concern about being judged or discriminated against based on a personal trait or social stigma.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group, which can hinder performance in a variety of settings.

Master Status

An individual’s most significant status, which often overshadows all other social positions they may occupy.