A Business Plan _

question 111

Multiple Choice

A business plan _.

• A)includes the decisions that guide the entire organization or its business units
• B)is a document that describes the marketing environment
• C)is the managerial guideline that process matches a firm's resources and needs
• D)is another name for a SWOT analysis
• E)is also called a tactical plan

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Definitions:

General Purpose Financial Reporting

Financial statements prepared to meet the information needs of various stakeholders not directly involved in managing the entity.

IASB

The International Accounting Standards Board, an independent body responsible for the development and publication of International Financial Reporting Standards (IFRS).

FASB

The Financial Accounting Standards Board, which is responsible for developing accounting standards in the United States.

Accounting Assumptions

The foundational principles that guide the preparation of financial statements, including going concern, accrual basis, and monetary unit assumptions.