Cindy Kramer Is in the Very Early Stages of Putting

question 32

Multiple Choice

Cindy Kramer is in the very early stages of putting together a business startup, and is thinking about writing a business plan to request funds to conduct a feasibility analysis and write a more complete business plan. What type of business plan should Cindy write at this point?

• A) full business plan
• B) tactical business plan
• C) summary business plan
• D) operational business plan
• E) strategic business plan

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Definitions:

Contributory Plan

A pension plan in which contributions are made jointly by employees and employers

Registered Retirement Savings Plan

A retirement savings and investing tool for employees and the self-employed in Canada, offering tax benefits.

Pay-as-you-go Philosophy

A financial strategy where expenses are paid for as they occur, rather than using credit or accumulating debt.

Reward Philosophy

An organization’s formal approach to managing employee compensation, benefits, and recognition in alignment with overall business strategy.