A Common Use of Business Plans Is To

question 86

Multiple Choice

A common use of business plans is to:

• A)comply with SEC regulations
• B)persuade lenders and investors to finance the venture
• C)persuade customers to buy the new product or service
• D)use as a recruitment tool
• E)showcase innovative factors to production to make the company a success

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Definitions:

Decimal Place

The position of a number to the right of a decimal point, used to denote fractions of a whole number.

Divide

A mathematical operation in which one number (the dividend) is divided by another (the divisor), resulting in a quotient and sometimes a remainder.

Lowest Common Denominator

The smallest common multiple of the denominators of two or more fractions.

Percentage

A fraction or ratio expressed as a part of 100.