Which of the Following Statements Is Incorrect Regarding the Executive

question 4

Multiple Choice

Which of the following statements is incorrect regarding the executive summary of a business plan?

• A) It is a short overview of the entire business plan.
• B) In many instances an investor will first ask for a copy of a firm's executive summary and will request a copy of the full business plan only if the executive summary is sufficiently convincing.
• C) It is arguably the most important section of the business plan.
• D) It should not exceed two single-spaced pages.
• E) The executive summary is the first thing that should be written in preparing a business plan.

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Definitions:

Opportunity Loss Table

A decision-making table that summarizes the potential losses associated with different decision choices, given various future events or states of the world.

Payoff Table

A table that shows the possible outcomes or results of different strategies, decisions, or investments, often used in decision analysis to evaluate options.

Hobby Shop

A retail store specializing in supplies and materials for various hobbies such as model building, painting, and gaming.

EMV Decision

A decision-making technique based on the calculation of the Expected Monetary Value, used to assess the average outcome of decisions with uncertain elements.