It Is Recommended That Business Plans

question 19

Multiple Choice

It is recommended that business plans:

• A) should be adapted from existing successful business plans.
• B) should be written by the entrepreneur.
• C) should be written by an outside consultant.
• D) should only be used when required by lenders.

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Definitions:

Favor

An act of kindness beyond what is due or usual.

Affect

A psychological term referring to the underlying experience of feeling, emotion, or mood.

ABC Model

A cognitive-behavioral framework that describes the relationship between events, beliefs, and consequences, emphasizing how beliefs about an event affect emotional and behavioral responses.

Emotional Component

A part of attitudes and feelings that encompasses the emotional reactions one has towards an object, person, or situation.