Which of the following should be developed to present ideas to investors?
A) opportunity statement
B) executive summary
C) operations plan
D) financial projects and requirements
E) marketing strategy
Answer: B
Explanation: Veteran Silicon Valley entrepreneur and investor Guy Kawasaki advises entrepreneurs to create a concise executive summary of their business plan to use when presenting their ideas to investors for the first time.
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Which of the following statements is true of payback period?
A) If the payback period is less than the maximum acceptable payback period, management should be indifferent. B) If the payback period is greater than the maximum acceptable payback period, accept the project. C) If the payback period is less than the maximum acceptable payback period, accept the project. D) If the payback period is greater than the maximum acceptable payback period, management should be indifferent.
The balance sheet of government colleges and universities engaged only in business-type activities would not report which component of net assets?
a. Unrestricted net assets b. Temporarily restricted net assets c. Invested in capital assets, net of related debt d. Restricted net assets