As a businessperson planning to open a new small business, you know that the business plan should not contain
A) a discussion of the nature and mission of the new business.
B) information about how much it will cost to open and operate the new business.
C) any mention of the businessperson's goals; financial institutions just aren't interested in these.
D) an explanation of why opening a business of this type makes good business sense.
E) pages and pages of detailed facts and figures.
Question 2
When a small-business owner applies for a loan, the bank officer will
A) turn the loan down unless the firm doesn't need the money.
B) check to see if the firm has issued corporate stocks or bonds.
C) reject the loan if the firm has any outstanding debts.
D) ask the business owner to fill out a loan application.
E) approve the loan if the firm has never borrowed money from a competing bank.
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