Which of the Following Statements Is Incorrect Regarding Business Plans

question 66

Multiple Choice

Which of the following statements is incorrect regarding business plans?

• A) A firm's business plan is typically the first aspect of a proposed venture that will be seen by an investor.
• B) To make the best impression, a business plan should follow an unconventional structure, so it will stand out.
• C) A business plan has both an external and an internal audience.
• D) A company's business plan is typically written by its founders.
• E) Potential investors are typically keenly interest in a company's business plan.

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Definitions:

Estate

The collective assets, rights, and interests that a person owns at death, encompassing both real property and personal property.

Trust Instrument

A legal document that creates a trust, specifying the terms, trustees, beneficiaries, and purpose.

Trust's Purpose

The specific objectives or intentions for which a trust is established, guiding how the trust's assets are to be managed and used.

Constructive Trust

An equitable remedy resembling a trust, imposed by a court in order to benefit a party that has been unjustly enriched at another's expense, even though no actual trust has been created by the parties.