Which of the Following Statements Is Incorrect About Business Plans

question 34

Multiple Choice

Which of the following statements 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:

Capitalism Spread

Refers to the global expansion and dominance of capitalist economic systems, characterized by private ownership, market competition, and the pursuit of profit.

Helping Poor Countries

Efforts or policies aimed at improving the economic, educational, and social conditions of countries with lower levels of development.

Dependency Theorist

Scholars who analyze international relations in terms of the dependency of underdeveloped nations on developed countries, attributing disparities in economic development to the exploitation of peripheral countries by core countries.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often characterized by global economic, cultural, and technological exchange.