Jill Is Writing a Business Plan for a Small Home-Based

question 2

Multiple Choice

Jill is writing a business plan for a small home-based operation. If well written, the business plan will assist her in determining if

• A) the business aligns with her personal goals.
• B) an investor would be a perfect fit for the proposed company.
• C) suppliers can be found for the operation.
• D) outsiders can be made into insiders.

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Definitions:

Temporary Project Team

A group of individuals assembled for a specific project or task with a defined timeframe, disbanding once the project is complete.

Conflict and Chaos

Situations or periods marked by disagreement, disarray, and lack of order, which can lead to stress and dysfunction.

Communication

The exchange of information, thoughts, or messages through speech, signals, writing, or behavior.

Norming Stage

A phase in group development where members resolve conflicts and develop closer relationships and cohesion.