A Business Plan Is Prepared for External Use Only-For Example

question 24

True/False

A business plan is prepared for external use only-for example, to interest potential investors.

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Definitions:

Values

Core beliefs or principles that guide an individual's behavior and decision-making, reflecting what is important to them.

Knowledge

Familiarity, awareness, or understanding of someone or something, such as facts, information, descriptions, or skills, which is acquired through experience or education.

Socialization

The process by which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society or social group.

Society's Values

The shared beliefs, norms, and mores that are important to a group or society and influence behavior and decision-making.