Emphasis of business plan

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Reference no: EM133392660

Questions

1. With regards to the format and emphasis of a business plan, a plan prepared for a _______should emphasize the entrepreneur's collateral position and the cash flow statement.

a) Potential investor

b) Lender

2. With regards to Legal Structure - corporation, there is no need to give much thought to the proposed company operations as the business can do whatever it wants.

True

False

3. With regards to Types of Legal Structure ____is a growing trend in social entrepreneurship.

a) Corporation

b) Cooperative

4. With regards to Updating the Business Plan at the minimum plans should receive significant updates biannually as the plan is always good for at least a couple of years.

True

False

5. With regards to purchasing an existing business goodwill should not exceed______ of the costs of the assets.

a) 20%

b) 40%

Reference no: EM133392660

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