Which of the Following Is a Possible Contingency That Should

question 4

Multiple Choice

Which of the following is a possible contingency that should be anticipated in the critical risks and assumptions section of the business plan?

• A) Competition through underpricing by competitors
• B) Unrealistic timelines
• C) Inadequate management
• D) Lack of sufficient capital

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Definitions:

Elusive Power

A form of influence that is difficult to define, grasp, or directly observe.

Power

Involves the capacity or ability of an individual or group to influence or control the actions of others in a desired direction.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Influence

The process of affecting the thoughts, behavior, and feelings of another person.