Jason wants to start a t-shirt printing business, but he needs initial capital. He attends networking functions for bankers and investors and chats up his idea, but he gets no takers
What would be the best strategy for Jason to get funding for his business concept?
A) meet with a mentor
B) develop a business plan
C) work part time in a screenprinting shop
D) join a trade association
E) get trained in new printing technology
Answer: B
Explanation: B) Creating a business plan provides potential funders with the details they need to make an informed decision about whether a business idea is a good investment.
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Which of the following is/are not true regarding the classification of redeemable preferred shares on the balance sheet?
a. The classification of redeemable preferred shares on the balance sheet depends on the conditions for redemption. b. If only the issuing firm has the option to redeem, then the preferred shares are part of its shareholders' equity. c. If the issuing firm must redeem the preferred shares (so-called "mandatory redemption"), either at a specified time or upon a specified condition certain to occur, the issuing firm treats the preferred shares as its shareholders' equity. d. If the preferred shareholders have the option to require redemption, then the preferred shares appear between liabilities and shareholders' equity under U.S. GAAP. e. If the preferred shareholders have the option to require redemption, then the preferred shares appear as a liability under IFRS.
Long-range organizational objectives should be listed in order of their priority
Indicate whether the statement is true or false