Part 3: Formal Business Report Weight: 10% of the final grade Due: no later than 11:00 p.m. on Sunday of Unit 8 Objectives Part 3 of the Team Project will help you to: . Identify the elements of a formal business report. Prepare an Executive Summary. Write and edit a formal business report using appropriate professional business writing standards. Apply formal business report format. Description This assignment is the third part of the Team Project, and is comprised of planning, researching, writing, and editing a formal business report on an assigned topic. You will utilize the collaboration tools available to accomplish teamwork, develop your team building and conflict resolution skills, practice working collaboratively to achieve a higher goal than what could be achieved individually, and highlight the importance of developing a cohesive formal report that demonstrates consistency of thought. Your report will be formatted as a formal business report. Instructions Using the research conducted for Part 2, write a 10-page report (2,500 word, double-spaced, 12-point font) on the topic assigned by the instructor. Your report should be formatted according to the table included in the Unit 8 Notes. A report template is provided. Step 1: Write the report. a. Organize your assignment as a formal business report including a cover memo, title page, table of contents, executive summary, introduction (including your statement of purpose), body (background, methods, results, analysis or discussion, conclusion, and references. Apply headings to each section. Build a table of contents in Word using level 1, 2, and 3 headings. a. Address your five research questions as included in your part 2 assignment. Each question must have at least three reference sources. b. Write the executive summary last, as it is a summary of the report. Step 2: Proof-read and edit the report. BUSI 1073 - BUSINESS WRITING AND COMMUNICATIONS 8