Deviating Significantly from the Standard Business Plan Format Is a Mistake

question 75

Multiple Choice

Deviating significantly from the standard business plan format is a mistake because:

• A)the business plan is not the right place to express one's creativity.
• B)investors prefer to see a format that is familiar to them.
• C)investors may lose confidence in the entrepreneur's ability to follow best practices.
• D)investors do not appreciate opportunities that are too far "outside the box".

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Definitions:

Systematic Mistake

Refers to consistent, predictable errors made by individuals or systems due to flaws in the decision process or design.

Consumer Reports

Independent evaluations and reviews of consumer products and services.

Ultimatum Game

A game in economic experiments where one player proposes how to divide a sum of money with another player who then can accept or reject the offer.

Human Behavior

The study and understanding of how individuals and groups act and make decisions in a variety of contexts.