Business Plans Need to Pass Three Tests

question 58

Multiple Choice

Business plans need to pass three tests:

• A)the financial test,the market test,and the management test.
• B)the appearance test,the substance test,and the concept test.
• C)the reality test,the competitive test,and the value test.
• D)the presentation test,the content test,and the application test.

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Definitions:

Illegal

Activities or actions that are prohibited by law or statute, and can lead to penalties or other legal consequences.

Endorsement For Deposit

A directive, usually on the back of a check, indicating that the check should be deposited into the account of the person named in the endorsement.

Restricts

Limits or confines actions, behaviors, or movements within certain parameters or conditions.

Unqualified Endorsements

Endorsements on negotiable instruments, such as checks, without any limitations, making the endorser fully liable.