Which of the Following Statements Regarding a Business Plan of a Company

question 45

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.

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Definitions:

Indemnified

Protected against loss or damage; legally exempted from liability for harm or loss.

Liability Insurance

A type of insurance coverage that protects an individual or entity from claims initiated by another party regarding injury or damage.

Representative Capacity

Acting on behalf of another person or entity in a legal or official context.

Propensity

An inclination or natural tendency to behave in a particular way.