The Idea of a Business Plan Is Not New

question 61

True/False

The idea of a business plan is not new.What is new is the growing use of specialized business plans by entrepreneurs,mostly because creditors and investors demand them for use in deciding whether to help finance a small business.

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Definitions:

Federal Budget Deficits

The financial situation occurring when a government spends more money than it receives in income, typically measured over a fiscal year.

Federal Budget Deficit

The shortfall when the government's expenditures exceed its revenues in a fiscal year.

National Debt

The total amount of money that a country's government has borrowed and still owes.

Government Expenditures

Government expenditures are the total amount spent by public entities on goods, services, and obligations, influencing economic activity and fiscal policy.