Strategic planning answers the question "__________"

• How much money do we have?

• Who are we competing with?

• Where are we going?

• How many people do we need?

Which of the following is an advantage of venture capital?

• Venture capital investments typically carry a small amount of risk and generate small to moderate returns.

• There are no upfront costs to a company seeking venture capital funding.

• Venture capital is typically easy to secure even with the most basic of business plans.

• New companies can access large amounts of upfront capital that does not have to be repaid, as a loan would be.

Select the true statement about the bankruptcy process.

• A bankruptcy reorganization plan is voted on by a company's shareholders.

• Corporations file bankruptcy petitions with the states.

• A Chapter 7 bankruptcy allows a company to restructure its debt.

• A company receives a stay from any collections activity after filing a bankruptcy petition.

Preparing a cash flow forecast helps a company to examine and manage its __________.

• bottom line

• float times

• accounting practices

• profitability