Which of the Following Statement Is Incorrect About Business Plans

question 56

Multiple Choice

Which of the following statement is incorrect about business plans?

• A) Writing a business plan forces a firm's founders to systematically think through each aspect of their new venture.
• B) For most new ventures, the business plan is a dual-purpose document used both inside and outside the firm.
• C) A business plan is typically 25 to 35 pages long.
• D) A large percentage of entrepreneurs do not write business plans for their new ventures.
• E) The business plan should be written while the feasibility analysis is being completed.

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Definitions:

Intrinsic Regulation

The automatic adjustment mechanisms within organs and systems that maintain a stable internal environment without external intervention.

SA Node

Sinoatrial node, a group of cells located in the right atrium of the heart that generates electrical impulses to start each heartbeat.

Afterload

The pressure the heart must work against to eject blood during systole.

Extracellular

Located or occurring outside of a cell or cells, often referring to the fluid, substances, or cellular components in the space outside cells.