Before Preparing a Business Plan It Is Important to Examine

question 142

Multiple Choice

Before preparing a business plan it is important to examine the viability of a proposed venture idea.To do this it is good practice to complete a(n) ________.

• A)strategic plan
• B)feasibility study
• C)economic impact study
• D)demographic study

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Definitions:

Semiotic Function

The ability of signs, symbols, or languages to represent objects, actions, ideas, or concepts indirectly, which is fundamental in communication and thinking.

Reversibility

The concept that certain processes can be undone, returning to the original state by reversing the process that caused the change.

Egocentrism

A cognitive bias where an individual has difficulty understanding or assuming any perspective other than their own, often discussed in the context of child development.

Simple Reflexes

Basic, involuntary responses to stimuli, such as the knee-jerk reflex, that are mediated by the spinal cord and brainstem.