Author Question: Which of the following is incorrect regarding the total startup cash needed component of financial ... (Read 63 times)

ericka1 · **on:** Jul 6, 2018

Which of the following is incorrect regarding the total startup cash needed component of financial feasibility analysis?

A) It's not necessary to complete an actual budget of startup expenses.
B) When explaining where the startup funds will come from, avoid cursory explanations such as I plan to bring investors on board or I'll borrow the money.
C) There are worksheets posted online that help entrepreneurs determine the startup costs to launch their venture.
D) An explanation of where the startup funds will come from should be included.
E) If the money will come from friends and family or is raised through other means, a reasonable plan should be stipulated to repay the money.

Question 2

Mediation is the process in which an impartial third party helps those involved in a dispute reach an agreement.

Indicate whether the statement is true or false