As a Businessperson Planning to Open a New Small Business

question 144

Multiple Choice

As a businessperson planning to open a new small business, you know that the business plan should not contain

• A) a discussion of the nature and mission of the new business.
• B) information about how much it will cost to open and operate the new business.
• C) any mention of the businessperson's goals; financial institutions just aren't interested in these.
• D) an explanation of why opening a business of this type makes good business sense.
• E) pages and pages of detailed facts and figures.

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Definitions:

Expected Number

A statistical value representing the average outcome in a series of trials or an estimate based on probability.

Human History

The recorded events, cultures, and significant developments in the life of mankind, from ancient times to the present.

Age Structure

Distribution of population members among various age categories.

Distribution

The way in which something is shared or spread out over a certain area, or among a population.