A Business Plan Is Important for Two Reasons: It Forces

question 48

Multiple Choice

A business plan is important for two reasons: it forces the founding team to systematically think through every aspect of their new venture and:

• A) it is a budget
• B) it is a public relations document that can be used to promote the firm
• C) it is a contract that is signed by the founders of the firm
• D) it is a financial analysis
• E) it communicates the merits of a new venture to outsiders, such as investors and bankers

---

Definitions:

Property

is any physical or intangible entity that is owned by an individual or collectively, subject to the rights and responsibilities of ownership.

Intrusion

The act of wrongfully entering into someone's privacy or affairs without permission.

Photographer

An individual specialized in the art and practice of creating durable images by recording light or other electromagnetic radiation, either electronically by means of an image sensor or chemically by means of a light-sensitive material such as photographic film.

Telephoto Lens

is a type of camera lens that has a long focal length, allowing it to magnify distant subjects more than a normal lens.