In Order to Meet the Financial Needs for Future Business

question 16

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 dollars and cents of the business plan are especially important to loan committees.Jones is well aware that an entrepreneur must show how,when,and why the business will make a profit.He thus ensures that his _____ section details his startup costs and sources of funding,his projections of sales revenue,cost of goods sold,operating and financing expenses,profits,and his forecasts of cash flow.

• A)financial plan
• B)marketing
• C)production and operations
• D)management

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Definitions:

Motivation to Transfer

The drive or willingness of individuals to apply the skills or knowledge acquired from a learning environment to their job or daily activities.

Positive Transfer

Positive transfer occurs when learning in one context enhances performance in another context.

Trainability Equation

A formula or concept used to assess or predict an individual's ability to learn or acquire new skills.

Trainability Score

A metric used to evaluate an individual's capacity to learn new skills or adapt to new training effectively.