Why Might an Entrepreneur Write a Simple Business Plan Only

question 9

Multiple Choice

Why might an entrepreneur write a simple business plan only for themselves?

• A)It's a good way to thinking about things they may not have thought about before.
• B)A full plan is useless.
• C)It saves time.
• D)They may be unfamiliar with other plan types.

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Definitions:

Exogenously

Originating from outside; determined by external factors not within the system.

Endogenously

Originating or produced from within a system, indicating a factor that is internal to an economic model or process.

Natural Rate

The unemployment rate at which the economy operates at full employment, where inflation is stable without accelerating.

Unemployment

A situation where individuals who are capable of working and are actively seeking a job are unable to find employment.