Which of the Following Statements About Business Plans Is NOT

question 24

Multiple Choice

Which of the following statements about business plans is NOT accurate?

• A)The company description section describes the company's founding, growth, sales, and profits.
• B)Investors are looking only for unique products or services to ensure a return on their investment.
• C)Start-up companies should explain in the product/service description section why the business will be profitable.
• D)The product/service description section describes why the product is better than existing products or services.

---

Definitions:

Symbolic Functioning

The ability to use symbols, signs, or objects to represent something else, a milestone in cognitive development allowing for complex thought.

Concrete Operations

A stage in Piaget's theory of cognitive development, typically from ages 7 to 11, when children gain the ability to think logically about concrete events.

Sensorimotor Period

The first of Jean Piaget's four stages of cognitive development, ranging from birth to about 2 years old, where infants learn about the environment through sensory experiences and motor activities.

Egocentrism

The cognitive inability to differentiate between one's own perspective and that of others, often seen in early childhood.