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Chapter 5 Vocabulary Review

This activity will help you review the vocabulary from Chapter 5 in the Entrepreneurship textbook.

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Organizations that promote certain types of businessesTrade Associations
A written documentthat describes all the steps necessary in opening and operating a successful businessBusiness Plan
Financial statements based on projected revenues and expensesPro Forma Financial Statements
A letter that explains or provides more information about a document or set of documentsCover Letter
This indicates the name of your company, the date, the owner of the company, the title of the owner, and the address & phone number of the companyCover Sheet
A listing of hte material included in a publicationTable of Contents
Describes why you are asking for a loan and what you plan to do with the money if you receive it. This should not be more than two paragraphs in length.Statement of Purpose
Short restatement of a report. Capture the interest of the readers and make them want to read more.Executive Summary
This is where you include the seven main elements contained in a business planMain Body
This is the part of the business plan that includes any supporting evidence that might be included in the body of the report. For example, resume, personal financial statements, letters of recommendation, legal documents, full text of journal articles that you reference in any other part of your business plan, etc.Appendix

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