Which of the Following Statements Is True of a Business

question 73

Multiple Choice

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

• A) It should not consider the competition.
• B) It should be finalized before approaching personal funding sources.
• C) It includes an executive summary, which is at least 10 pages long.
• D) It is absolutely crucial for obtaining outside funding.

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Definitions:

Significant Objects

Items that are given importance or value due to their emotional or symbolic meaning to an individual or culture.

Longitudinal Study

A research design that involves repeated observations of the same variables (e.g., people) over short or long periods of time.

Development Stages

Distinct phases of growth and development that humans go through from birth to adulthood, often described in psychological theories.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, arranging human needs in a hierarchy, suggesting people are motivated to fulfill basic needs before moving on to other, more advanced needs.