In Order to Meet the Financial Needs for Future Business

question 8

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.
-Jones knows that busy loan officers don't have the time to read his entire plan and prefer instead a synopsis or a condensed version that summarizes it.To address this fact,Jones:

• A)limited his plan to 8-10 pages.
• B)included a well-written executive summary.
• C)turned the project over to a professional writer.
• D)thoroughly documented all research findings and projections.

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Definitions:

Trespass

An unauthorized intrusion on someone else's property or rights, which can be the basis for a legal claim.

Violate Rights

The act of infringing or breaching someone's legal rights.

Intentional Tort

A civil wrong resulting from actions taken deliberately to harm another person, rather than as a result of negligence or an accident.

Substantially Certain

A criteria used in law indicating when an action is almost sure to result in a particular outcome, often used in tort law to assess intentionality.