Business

What part is the complimentary close?

• Sincerely yours

• Enclosures

• 123 Baker Street

• Dear Ms. Smith

What do you usually write as salutation if you don't know who will be receiving your letter?

• Dear Mr./Ms./Mrs.

• Dear Mister

• Dear Sir/Madam

• Dear Miss

What does the first paragraph of a business letter explain?

• It explains what the receiver has to do.

• It explains the reason for writing.

• It explains the sender's feeling.

• It explains how grateful the sender is.

A _____________ is a document that thoroughly explains a business idea and how it will be carried out.

• marketing plan

• financial analysis

• business plan

Writing a business plan can ensure that an entrepreneur _________. 

• figures out how to make her business work.

• meets his target revenue goals.

• achieves her expense projections.

Making the beliefs, values, and behavioral norms explicit and intentional builds the __________ of an organization.

• mission

• culture

• vision

The quick verbal summary of a business plan is called a(n) _____________

• elevator pitch.

• concept pitch.

• business pitch.

Dividing fixed costs by gross profit per unit yields _____________

• cost ratio.

• breakeven units.

•           profitability ratio.

The ______________ section of the business plan should be written last.

• financial statements

• executive summary

• appendices

A business plan should be _______________ to convey critical information to potential investors.

• long and detailed

• crisp and concise

• complex and technical