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In Order to Meet the Financial Needs for Future Business

Question 119

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In order to meet the financial needs for future business growth as well as current demands, TruWood Cabinet Makers must secure a business loan of $125,000 from a local bank. The loan committee has asked owner and general manager Jarret Jones to write a comprehensive business plan that meets all of First Security Bank’s requirements for such a large loan. After a lot of research and careful writing, the plan is constructed and ready for presentation to the loan committee.
-The section of his business plan in which Jones sets forth the purpose of his cabinet-making business-its reason for existing-is called the _____.


A) "Executive Summary"
B) "Vision Statement"
C) "Statement of Goals"
D) "Mission Statement"

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