Question

Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the business. They will require him to submit a business plan and a(n) _____.a.buy-out planb.income statementc.partnership agreementd.financial plan

Answer 1

d.financial plan

Step-by-step explanation:

A financial plan is a document that gives a picture of the monetary position of a person or entity, their future monetary goals, along with strategies that are aimed meeting such goals.

A business plan is the general goals of a business and ways in which they can be achieved.

In the given scenario Jefferson has given his business plan. But he also needs to give a financial plan that will show the bank how feasible his business is.