Which of the Following Is Not a Recommended Guideline for Writing

question 48

Multiple Choice

Which of the following is not a recommended guideline for writing a business plan?

• A) To make the best impression, a business plan should follow an unconventional structure and stand out in some dramatic way.
• B) A business plan needs to project a sense of anticipation and excitement about the possibilities that surround a new venture.
• C) For most plans, 25 to 35 pages is sufficient.
• D) A business plan should look sharp, but not a lot of money should be spent on the physical appearance of the plan.
• E) Shy away from using a lot of boldfaced type, italics, clip art, and different font sizes and colors when preparing a business plan.

Understand how standard costs contribute to management planning, control, and decision making.

Comprehend the implications of setting standards on employee motivation and performance.

Recognize the integration and utility of standard costs in cost accounting systems.

Understand the use of variance analysis as a tool for management by exception.

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Definitions:

Goodness of Fit Test

A statistical test used to determine how well a statistical model fits a set of observations.

Normal Distribution

A bell-shaped distribution that is symmetric about the mean and characterized by its mean and standard deviation.

Categorical Data

Labels or names used to identify categories of like items.

Goodness of Fit

A statistical analysis that measures how well observed data match the values expected by a model.