There Are Three Types of Business Plans

question 9

Multiple Choice

There are three types of business plans:

• A) functional business plan, full business plan, feasibility plan
• B) summary business plan, contingency plan, full business plan
• C) functional business plan, contingency plan, full business plan
• D) opportunity plan, feasibility plan, full business plan
• E) summary business plan, full business plan, operational business plan

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Definitions:

Median

The middle value in a dataset when it is arranged in ascending or descending order, or the average of the two middle values if the dataset has an even number of observations.

Extreme Values

Extreme values refer to observations that are significantly higher or lower than the majority of the data in a data set, often leading to skewed analysis results.

Second Quartile

The median of a dataset, representing the 50th percentile or the middle value when the data is ordered.

Weights

Weights are numerical values assigned to variables or observations, indicating their relative importance or contribution in statistical analysis or computations.