Which of the following could be considered indirect competition ...

[Deast7027]

Which of the following could be considered indirect competition for an upscale restaurant operation?
 
  a. only similar operations close to the restaurant
  b. a fast food restaurant
  c. a supermarket
  d. all of the above
  e. b and c, only

Question 2

Which of the following is an inaccurate statement?
 
  a. For the purposes of a business plan, a capital budget is a list of all the expenses associated with opening the business prior to the first day of operations.
  b. For the purposes of a business plan, a capital budget is a list of those purchases of assets with a multi-year life, charged off to a business through depreciation.
  c. The capital budget should forecast where the business is on the first day of operations, with a completely empty Income Statement.
  d. It is unsafe to assume that a restaurant owner will pay for start-up needs with business cash flow.
  e. All of the following statements are accurate

[livaneabi]

Answer to Question 1

E

Answer to Question 2

B

[Deast7027]

Thanks

[livaneabi]

Welcome