Which of the Following Is the Best Description of a Typical

question 79

Multiple Choice

Which of the following is the best description of a typical business plan for a small business?

• A) a formal document, often 25-50 pages in length, that describes the company, sets forth its key objectives, and provides details as to how and when the organization plans to achieve these objectives
• B) an annual report that the company provides to partners or shareholders, discussing the company's objectives and assessing its challenges for the coming year
• C) a short document, usually no more than 10-15 pages in length, that provides a basic overview of the company's mission and products
• D) a legally required document that the company must file with the Canadian government on an annual basis; each annual plan explains the company's goals for the next fiscal year and details how much external funding the company will need to achieve these goals

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Definitions:

Quantity

The amount or number of a material or immaterial good that can be measured or quantified.

Quality

A measure of how good or suitable something is in comparison to similar items or services.

Seigniorage

Seigniorage is the profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs.

Medium Of Exchange

An intermediary instrument, such as money, used to facilitate buying and selling goods and services.