When Dealing with Weaknesses in a Business Plan the Owner

question 7

Multiple Choice

When dealing with weaknesses in a business plan the owner should

• A) Use technical jargon to confuse reader
• B) Ignore the weakness as this might not attract investors
• C) Assume that investors will not find them
• D) Be straightforward with them and have an action plan

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Definitions:

Inappropriate Information Gathering

Collecting data or details in a manner that violates ethical standards or privacy norms.

Disposition

An individual's inherent qualities of mind and character, affecting how they perceive and interact with the world around them.

Self-serving Rationalizations

Justifications an individual creates to defend actions or decisions that serve their own interests, often at the expense of truth.

True Intentions

The genuine or actual motivations and goals behind an individual's or group's actions, often as contrasted with stated or apparent objectives.