which of the following information is included in a summary of a business plan course hero

What should be included in a business plan?

Feb 24, 2017 · Question 5 2 out of 2 points Which of the following information is included in a summary of a business plan? Selected Answer: ... the most standard business plan starts with : A summary A tactical plan An operational plan A lean plan  _____ includes market description such as pricing, channels, and promotions. ... Course Hero is not ...

What is a business plan?

This preview shows page 18 - 20 out of 30 pages. 118- The following are included in a business plan Financial information, production plans, Human resource planning. Goals of the business and how they will be achieved. A step by step plan for …

What is an executive summary in a business plan?

Both large and small businesses are equally concerned with how long it takes to reach the breakeven point. While large companies may be concerned with the breakeven point, they are not nearly as focused on this as are small businesses. b. The breakeven point has no impact on whether a small business will make an investment decision. c.

What is a short form of a business plan?

Sep 25, 2019 · Select one: a. It is the last section of the plan. b. It is the first section of the plan. c. It is the least important section of the plan. d. It is an overview of the industry in which the company operates. The plan is an overview of your company and history, and not that of the industry in which you operate.

What is ERISA vesting?

ERISA has a set of vesting rules for how participants achieve ownership of contributions made by employers. The correct answer is: Rules for how participants achieve ownership of contributions made by employers.

What is a nonqualified plan?

A nonqualified plan: Nonqualified plans are characterized by the following: do not need to be approved by the IRS, can discriminate in favor of certain employees, contributions are not tax-deductible, and interest earned on contributions is tax-deferred until withdrawn upon retirement.

What is ERISA in retirement?

The Employee Retirement Income Security Act (ERISA) was instituted to enact minimum standards for pension plans and employee benefit plans. The correct answer is: To enact minimum standards for pension plans and employee benefit plans. Qualified plans are characterized by all of the following, EXCEPT:

How long does it take for a cliff vest to be vested?

In 5-year cliff vesting, the employer's contributions must be completely vested after the employee has worked five years. This means that during years 1 through 4 employer contributions are 0% vested; however, by the end of year 5 and in future years, employer contributions must be 100% vested.

When can you make a distribution from a qualified retirement plan?

Distributions from a qualified retirement plan may be made regardless of age when an employee retires, the employee ceases employment, or the plan is terminated. However, if distributions from a qualified plan are made prior to the age of 59 , then a 10% penalty tax is imposed. The correct answer is: At any time.

Is Baker Box a tax deductible company?

The correct answer is: Employee contributions are not tax-deductible. The Baker Box Company is setting up a retirement plan for its employees. In order to meet the IRS standards for qualified plans, the plan must meet all of the following stipulations, EXCEPT: A qualified retirement plan must be permanent.

Do qualified plans have to be taxed after tax?

Special tax advantages of qualified plans include all of the following, EXCEPT: Distributions are taxed, both principal and interest, because neither the contributions nor interest was previously taxed.

Why is a business plan important?

who will run the business. A business plan is important for a new business for all of the fol- lowing reasons except.

What is a business plan?

Business Plan. A written document that describes all the steps necessary for opening and operating a successful business. Pro forma financial statement. A financial statement based on projected revenues and expenses. cover letter. A letter that introduces and explains an accompanying document. or set of documents.