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.

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Definitions:

Common Stock Account

An equity account on a company's balance sheet representing the amount of money that has been invested directly in the company by its shareholders in exchange for common stock.

$5 Par Value

A nominal or face value assigned to a share of stock, in this case, set at five dollars, used in certain financial calculations and legal paperwork.

$18 Per Share

A specific price value assigned to individual shares of stock, indicating the cost or value of a single share at a particular moment.

Treasury Stock

Shares that were once a part of the outstanding shares and have been repurchased by the company.