When you're writing a business plan, the ________ section explains the purpose of your business and what you hope to accomplish
A) mission and objectives
B) design and development
C) products and services
D) financial projections and requirements
E) monitor-and-control
Answer: A
Explanation: A) The mission and objectives section of a business plan explains the purpose of a business and what that business hopes to accomplish.
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A house has a replacement cost of $100,000. The outstanding balance of loan is $65,000. To meet the policy's coinsurance clause and mortgage requirements, the owner should carry how homeowner's insurance on the property?
A. $100,000. B. $80,000. C. $65,000. D. $50,000.
Addenda to a purchase and sale agreement must be:
A. kept in the broker's home office B. kept in the brokerage's transaction file C. kept in the firm's trust account D. signed by the broker