What Distinguishes a Business Plan from Other Forms of Business

question 5

Multiple Choice

What distinguishes a business plan from other forms of business planning?

• A)The business plan is for internal use only.
• B)The business plan is less detailed than the pitch deck.
• C)The business plan is more formal.
• D)The business plan does not include a financial forecast.

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Definitions:

Restrictive

Imposing limitations or conditions on use, action, or movement.

Bearer Instrument

A negotiable financial instrument that is payable to the holder or presenter.

HDC

Stands for Holder in Due Course, a term in commercial law referring to an individual who has acquired a negotiable instrument in good faith and for value, therefore, has certain protections.

Promissory Note

A written promise to pay a specified sum of money to a designated person at a specified date or on demand.