To an Entrepreneur,one of the Benefits of a Business Plan

question 8

Multiple Choice

To an entrepreneur,one of the benefits of a business plan is

• A)the development of operating strategies for outside evaluators.
• B)benchmarks for comparing forecasts with actual results.
• C)both a and b.
• D) neither a nor b.

---

Definitions:

Payable

Financial obligations or monies that are due to be paid to creditors or suppliers.

HDC (Holder in Due Course)

A party possessing a negotiable instrument, like a check, who has taken it in good faith and for value, and thus has certain protections.

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the transferable right to receive the payment.

Thief

An individual who steals property belonging to another, with the intent to permanently deprive the owner of it.