A Solid Business Plan ________

question 28

Multiple Choice

A solid business plan ________.

• A)forces potential entrepreneurs to look at their business idea in the harsh light of reality
• B)requires a potential entrepreneur to assess the venture's chances of success more objectively
• C)helps prove to outsiders, such as potential lenders and investors, that a business idea can be successful
• D)All of the above

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Definitions:

Pragmatism

A philosophical movement that emerged in the late nineteenth century, which insisted that institutions and social policies should be judged by their practical effects, not their longevity or whether they reflected traditional religious or political beliefs.

John Mitchell

An American labor leader and president of the United Mine Workers of America (1898-1908), known for his role in the labor movement and efforts to improve workers' rights.

Industrial Liberty

The notion of freedom within the context of industrial development, often referring to labor rights, economic opportunities, and the ability to innovate and compete in a market economy.

Ludlow Massacre

An event in 1914 where a violent conflict between striking coal miners and the Colorado National Guard resulted in numerous deaths, including women and children.