ACCT 2100 Lecture Notes - Lecture 3: Times New Roman, Retained Earnings, Financial Statement
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QUESTION 1
Which of the following statements about business plans isleast accurate?
a. | A business plan is critical for securing financial support ofany kind. | |
b. | A business plan is another form of proposal. | |
c. | The reader of a business plan is typically a bank loan officer,a venture capitalist, or an investor. | |
d. | Business plans are generally written in response to RFPs. |
1 points
QUESTION 2
Which of the following statements about formal business reportsis least accurate?
a. | Breaking a long formal report into small segments makes iteasier to understand. | |
b. | Formal reports present the end product of thorough investigationand analyses. | |
c. | Formal reports are similar to formal proposals in length,organization, and serious tone. | |
d. | Formal reports are written for internal audiences only. |
1 points
QUESTION 3
Which of the following components is typically included in aformal proposal but is optional in an informal proposal?
a. | Staffing | |
b. | Budget | |
c. | Authorization Request | |
d. | Abstract or summary |
1 points
QUESTION 4
Unsolicited proposals should
a. | use the language of the RFP or other announcement. | |
b. | convince the reader that a problem exists. | |
c. | not present a complete budget until after the proposal has beenaccepted. | |
d. | reveal every detail of your proposal. |
1 points
QUESTION 5
The executive summary of a business plan
a. | can be as long as needed to get your message across. | |
b. | should be written first to get your thoughts in order. | |
c. | can be combined with the mission statement | |
d. | All of these statements about a business planâs executivesummary are correct. |
1 points
QUESTION 6
A business plan mission statement
a. | is optional. | |
b. | must be written in eight or fewer words. | |
c. | explains the purpose of your business and why it willsucceed. | |
d. | All of these statements about a business plan mission statementare correct. |
1 points
QUESTION 7
Proposals are
a. | written offers to solve problems, provide services, or sellequipment. | |
b. | a critical means of selling equipment and services for manycompanies. | |
c. | solicited by both government agencies and privatebusinesses. | |
d. | all of these choices. |