Deviating Significantly from the Standard Business Plan Format Is a Mistake

question 88

Multiple Choice

Deviating significantly from the standard business plan format is a mistake because:

• A)the business plan is not the right place to express one's creativity.
• B)investors prefer to see a format that is familiar to them.
• C)investors may lose confidence in the entrepreneur's ability to follow best practices.
• D)investors don't appreciate opportunities that are too far "outside the box".

Distinguish between the effects of authoritarian and participative leadership approaches.

Recognize the significance of motivation and inspiration in leadership practices.

Understand the ABC model of attitudes and its components: affective, behavioral, and cognitive.

Identify and explain the processes and effects of cognitive dissonance on attitudes and behaviors.

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Definitions:

Novation

The act of replacing an existing obligation with a new one, effectively transferring the rights and duties to a third party.

Liquidated Damages

A contractual provision that determines in advance the amount of damages to be paid if a party breaches the contract.

Breaching Party

The party in a contract who fails to fulfill their contractual obligations, thereby violating the agreement.

Objective Impossibility

A situation where it is not possible to carry out a contract's obligations due to uncontrollable external circumstances.