Which of the Following Statements Is True of a Business

question 18

Multiple Choice

Which of the following statements is true of a business plan?

• A)Small businesses do not need a business plan.
• B)It does not have to be revised periodically.
• C)Every business needs to mandatorily maintain a business plan as per government regulations.
• D)It should establish a strategy for acquiring sufficient funds to keep a business going.
• E)It is created to limit a business's flexibility and decision-making ability.

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Definitions:

Power Struggle

A conflict arising from two or more parties competing for control or dominance in a particular situation.

Controlling Behavior

Actions intended to dominate, manipulate, or dictate the behavior of others, often a sign of abusive relationships or personality disorders.

Hyperactive

Excessive physical activity or movements, inability to stay still, often associated with attention deficit hyperactivity disorder (ADHD).

Secluded

Being isolated or removed from social contact; placed in a situation of privacy or solitude.