In Considering the Content of a Business Plan,an Entrepreneur Should

question 75

Multiple Choice

In considering the content of a business plan,an entrepreneur should think first and foremost about

• A)how to present factors related to the opportunity.
• B)formulating effective strategies and financial projections.
• C)who will be reviewing the plan.
• D)how to protect the confidentially of the plan.

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Definitions:

Standard Cost

The pre-determined and benchmarked cost of manufacturing a single unit of product, which is used for budgeting and performance evaluation.

Schedule Adherence

A measure of how closely a project or production follows the planned schedule or timeline.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, prioritize projects, and measure progress.

Efficiency And Quality

Measures of how well resources are used to achieve objectives and the degree to which products or services meet customer expectations.