The best way to put together a business plan is first to do a comprehensive research on the type of business you are going to set up and study the industry you would like to enter into. The business plan should consist of the following key elements:
1. Company overview that includes the company’s mission and vision, products or services, unique characteristic of the product and the business opportunities.
2. Study of the business environment that includes industry, market, competition and target market analysis
3. Company description that introduces the management team, technology used, operations, products or services and distribution
4. Company strategy which is the roadmap to achieving the company’s targets and goals
5. Financial review that shows the condition of the company that includes, the financial statements such as the balance sheet, income statement, cash flow statement and projections
6. Detailed action plan that is doable, realistic and can work within a specific time frameAnswer:
False
Explanation:
A flexible budget is a financial plan that varies with the levels of output and input. It is a budget that adjusts to the needs of a company and the actual revenue levels. Flexible budgets contrast fixed budgets that remain the same regardless of actual income levels.
A flexible budget uses actual revenues for a period. It records the actual expenses incurred, whether fixed or variable. A flexible budget like other financial plans and will have fixed, and variable costs indicated separately. Separating fixed and variable cost helps the management in evaluating financial performance for that period.
From the given question the correct answer is option A
As a division of labor increases specialization increases as well.
This supports help to grow as a specialization of labor, for example, allows workers to perfect one task rather than focus on many.
When As workers become more adept at a specialized task, also they become more efficient, and also production increases.
Find out more information about division of labor here:
Answer:
B. Division of labor
Explanation:
ap*x
A. Braising and frying
B. Grilling and sautéing
C. Steaming and broiling
D. Baking and roasting
Incorrect answer: C
Reference: Section 1.2
I'd assume grilling and sautéing.
Answer:
B. Grilling and Sautéing
Answer:
The asset would have been overestimated
Explanation:
An inventory account deals with assigning values to all the items or goods that are involved in the production process ranging from raw goods, processed goods to market-ready goods.
An inventory represents an asset to a company. Hence, the presence of empty boxes in the storeroom if otherwise taken as full boxes will lead to an overestimation of the asset unless they are discovered.
Answer:
B. passive income for TRECA people
Explanation:
just got 100 on the test :)