Which of the Following Statements Is Incorrect Regarding Business Plans

question 36

Multiple Choice

Which of the following statements is incorrect regarding business plans?

• A) A firm's business plan is typically the first aspect of a proposed venture that will be seen by an investor.
• B) To make the best impression, a business plan should follow an unconventional structure, so it will stand out.
• C) A business plan has both an external and an internal audience.
• D) A company's business plan is typically written by its founders.
• E) Potential investors are typically keenly interested in a company's business plan.

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Definitions:

Milgram's Obedience Study

Milgram's obedience study is a psychological experiment conducted in the 1960s which demonstrated the extent to which individuals would follow orders from an authority figure, even when it involves hurting someone else.

Learner

An individual who acquires knowledge or skills through study, experience, or being taught.

Conformity

The act of aligning one's attitudes, beliefs, or behaviors to match those of a group or social standard, often due to perceived pressure.

Door-in-the-Face Technique

A persuasion strategy where an initially large request is made knowing it will be refused so that a smaller, more moderate request will seem reasonable by comparison.