Multiple Choice
Which of the following statements regarding a business plan of a company is true?
A) It emphasizes operational planning more than strategic planning.
B) It is a money-raising tool to attract venture capitalists when the owner wants to assume more control over the company.
C) It usually provides big entrepreneurs a greater chance of success than the small business owners.
D) It provides a detailed design of activities to be carried to finance the business and market products.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: The executive summary outlines the entire business
Q41: A business plan can be successfully prepared
Q42: _ is the process of setting standards,
Q43: SWOT analysis is a useful tool to
Q44: Simple start-up businesses do not need records
Q46: One important purpose of a business plan
Q47: Why is planning so important to small
Q48: Describe operational planning.
Q49: Setting up the human resource management (HRM)
Q50: Expenses, such as depreciation on buildings are