Which of the Following Statements About Business Plans Is Least

question 86

Multiple Choice

Which of the following statements about business plans is least accurate?

• A)Business plans are generally written in response to RFPs.
• B)A business plan is another form of proposal.
• C)A business plan is critical for securing financial support of any kind.
• D)The reader of a business plan is typically a bank loan officer,a venture capitalist,or an investor.

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Definitions:

Regulatory Capture

The situation that occurs when a governmental regulatory agency ends up being controlled by the industry that it is supposed to be regulating.

Government

The group or system of people governing an organized community, often a state, and the authority to make and enforce laws.

Excessive Control

A situation where the level of regulation or direction exceeds what is considered normal or necessary, often leading to inefficiencies or reduced autonomy.

Industry

A sector of the economy that produces goods or services, often categorized by the type of activity involved, such as manufacturing, agriculture, or services.