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Contingency Plans Are Not Described in a Business Plan

question 47

True/False

Contingency plans are not described in a business plan.


Definitions:

Conspicuous Consumption

A term coined by Thorstein Veblen, referring to the spending of money on luxury goods and services to publicly display economic power—the consumption for the sake of prestige or status rather than utility.

Reputability

Refers to the quality or state of being reputable, widely respected, and honored by others, often used in the context of individuals, organizations, or businesses.

Leisure

Time spent away from work and essential domestic activities, typically used for relaxation, recreation, or personal interests.

Economic Motives

The underlying reasons that guide individuals or entities to make decisions regarding the allocation of resources.

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