Does the organizational plan include the financial projections for the new venture?

• TRUE

• FALSE

Do assets refer to everything that the business owns that can be used to create value?

• TRUE

• FALSE

Liabilities represent the excess of all assets over liabilities, this is also known as the net worth of the business?

• TRUE

• FALSE

Do liabilities represent everything that the business owes to banks and other creditors?

• TRUE

• FALSE

Does competitor analysis refer to the volumes of sales at which the business neither makes a profit nor incurs a loss?

• TRUE

• FALSE

Does liquidity generally refer to how much cash or cash equivalents are present in a company?

• TRUE

• FALSE

The total amount of money spent is called inflows by the company over the same period?

• TRUE

• FALSE

The projected income statement shows you and potential lenders and investors if the company is profitable and/or when it is expected to make a profit.

• TRUE

• FALSE

The sum over some time of the total cash received called (inflow) from the sale?

• TRUE

• FALSE

Current assets can include buildings, computer equipment, software, furniture, land, machinery, and vehicles?

• TRUE

• FALSE