Which of the Following Is Not One of the Basic

question 81

Multiple Choice

Which of the following is not one of the basic objectives of the business plan?

• A) It identifies the nature and context of the business opportunity.
• B) It outlines the approaches other entrepreneurs have taken in the same industry.
• C) It outlines the approach the entrepreneur plans to utilize in exploiting the opportunity.
• D) It highlights factors that will determine whether the venture will be successful.

---

Definitions:

Closing Revenue

Closing Revenue typically refers to the total revenue recognized by a company at the end of a financial period.

Expense Accounts

Categories within financial accounting that track money spent or costs incurred by a company in its operational activities.

Accounting Period

A specific duration of time used for financial reporting purposes, typically a quarter or a year.

Revenue Balances

Revenue Balances relate to the residue amounts retained from earned revenues after covering all operational expenses and costs.