A Precise Statement of the Rationale for a Business and a Step-By-Step

question 57

Multiple Choice

A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals is known as a(n) _____.

• A)promissory note
• B)article of incorporation
• C)business plan
• D)business agreement
• E)article of partnership

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Definitions:

Psychosocial Stages

A theory by Erik Erikson that proposes eight stages of human development, each characterized by a different psychological challenge or crisis that needs resolution.

Identity Based

Pertaining to or grounded in the characteristics, qualities, or beliefs that form a fundamental aspect of a person's self-conception.

Development

A process of change and growth over time, which can be physical, cognitive, social, or emotional.

Process

A series of actions or steps taken in order to achieve a particular end.