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Exam 2: Financial Management and Planning

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Question 51

Multiple Choice

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The financial plan consists of

A) breakeven analysis.
B) a 4 -year profit projection.
C) a 12 -month projection.
D) all of the above.

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Question 52

Multiple Choice

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You have always wanted to own your own McDonald's restaurant. You contacted this corporation and received the details of purchasing one of these restaurants. If you are granted permission, you will become a and the McDonald's corporation is the _ .

A) franchiser; franchisee
B) franchisee; franchiser
C) franchisee; franchisee
D) franchiser; franchiser

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Question 53

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In a limited liability partnership, all of the partners can participate in day -to -day operations.

Converting functional plans into annual dollar requirements is the process of

When borrowing funds for a business, lenders provide money in exchange for partial ownership of the business.

Public corporations have double taxation, unlimited liability for owners, and can raise large amounts of cash by selling stocks or bonds.

Prior to applying for a loan through an approved Small Business Administration lender, you must establish the form of business ownership.

A goal is a measurable objective that can be reached in a specified time frame.

When obtaining funds for a business, investors provide money in exchange for partial ownership of the business.

Which of the following pertain to the external factors that are outside the control of a company?