Since Creating a Detailed Business Plan Is Almost Impossible, Entrepreneurs

question 282

True/False

Since creating a detailed business plan is almost impossible, entrepreneurs should focus on the other tasks needed to get their firm started.

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Definitions:

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

State

A political entity with a centralized government that has sovereignty over a geographic area.

Partnership

An association of two or more persons to carry on as co-owners of a business for profit.

Partner

In a business context, an individual or another business entity that shares ownership of a company and is involved in its strategic decision-making processes.