Which of the Following Is True About the Preparation of a Business

question 82

Multiple Choice

Which of the following is true about the preparation of a business plan?

• A)The format should follow a "cookie-cutter" approach to ensure uniformity and consistency with others and to promote ease of understanding.
• B)The elements of the plan may be standard, but the content should reflect the unique aspects of the business and the excitement of the entrepreneur.
• C)The plan should cover every standard element in great detail and be at least 100 pages long to prove to potential lenders and investors that the entrepreneur has studied the business and the market opportunity.
• D)The entrepreneur should avoid seeking the advice of professionals, such as accountants, business professors, and attorneys.

Acknowledge the role of learned capabilities and competencies in job performance.

Understand the impacts of situational factors on job performance and behavior.

Recognize the influence of personal values and personality on individual and organizational outcomes.

Describe the significance of aptitudes and their role in personal performance and learning.

---

Definitions:

Real Interest Rate

The nominal interest rate adjusted for inflation, reflecting the true cost of borrowing or the true yield on an investment.

Inflation

The rate of growth in the average price of goods and services, which leads to a decline in the power of currency to buy goods.

Money-Supply Curve

A graphical representation showing the relationship between the quantity of money in the economy and the price level or interest rate.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.