Which of the Following Statements Is Incorrect About Business Plans

question 34

Multiple Choice

Which of the following statements is incorrect about business plans?

• A) Writing a business plan forces a firm's founders to systematically think through each aspect of their new venture.
• B) For most new ventures, the business plan is a dual-purpose document used both inside and outside the firm.
• C) A business plan is typically 25 to 35 pages long.
• D) A large percentage of entrepreneurs do not write business plans for their new ventures.
• E) The business plan should be written while the feasibility analysis is being completed.

---

Definitions:

Estonian Kroon

The former currency of Estonia, which was replaced by the euro in 2011.

Interest Rate Parity

A financial theory stating the relationship between interest rates and the exchange rate between two currencies.

Japanese Yen

The Japanese Yen is the official currency of Japan, widely recognized and used in international finance as a major reserve currency.

Canadian Security

A financial instrument issued in Canada, representing an investment in stocks, bonds, or other securities.