QUESTION 6 A break-even analysis is important to calculate because it: forecasts future profits of the business identifies the mission statement of the business identifies the level of sales required for profitability forecasts future sales levels of the business QUESTION 7 A business plan is a formal document that: details the company's goals, methods and standards is only recommended to complete if seeking financial assistance is not recommended for small business as it is too costly in time and money is required by Canadian law QUESTION 8 A business plan is: necessary when a small business is seeking financing gives the organization a sense of purpose identifies the small business' mission and goals all of the listed answers are correct