Which of the Following Is the Best Advice About Business

question 38

Multiple Choice

Which of the following is the best advice about business plans for Paul, who has a great idea for a start-up business but will need substantial external financing to get started?

• A) Have a business plan in place by the first day your business is open.
• B) Have a business plan in place before seeking out investors.
• C) Focus on the product overview and fill in details about the competitive environment after the business has launched.
• D) Focus on the operations overview and fill in financial details after the business has launched.
• E) Make operational and financial objectives as general as possible.

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Definitions:

Feeling

The subjective perception of emotions, often influencing mood, attitudes, and actions.

Hoarding Disorder

A psychological disorder characterized by persistent difficulty discarding possessions, regardless of their actual value, leading to clutter that disrupts living spaces.

Acquired Possessions

Objects or assets that an individual or entity obtains or comes to own over time, not inherited.

Discard

The act of getting rid of something that is no longer useful or desired.