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:

Exclusive

Pertaining to a unique right or privilege held by an entity, preventing others from sharing the same.

Discrete Random Variable

A variable that takes on a countable number of distinct and separate values, often resulting from a counting process.

Outcomes

The results or consequences of actions or experiments that can be measured or observed.

Continuous Intervals

Ranges in mathematics and statistics without any breaks or discrete jumps, often used in calculations involving real numbers.