Which of the Following Statement Is Incorrect About Business Plans

question 56

Multiple Choice

Which of the following statement is incorrect about business plans?

• A) Writing a business plan forces a firm's founders to systematically think through each aspect of their new venture.
• B) For most new ventures, the business plan is a dual-purpose document used both inside and outside the firm.
• C) A business plan is typically 25 to 35 pages long.
• D) A large percentage of entrepreneurs do not write business plans for their new ventures.
• E) The business plan should be written while the feasibility analysis is being completed.

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Definitions:

Plan of Consolidation

A strategy or proposal for combining two or more entities into a single entity, usually to streamline operations and reduce costs.

Consolidation

A contractual and statutory process in which two or more corporations join to become a completely new corporation.

Corporate Combinations

Mergers or acquisitions between companies to consolidate assets, operations, or management.

Merger

A contractual and statutory process in which one corporation (the surviving corporation) acquires all of the assets and liabilities of another corporation.