Which of the Following Statements Is(are)true

question 64

Multiple Choice

Which of the following statements is(are) true?

• A)The business plan describes both internal and external elements.
• B)The preliminary business plan should be prepared by a lawyer.
• C)Most business plan resources on the Internet are too complex and expensive to be of use to the new venture.
• D)Once made,a business plan should not be changeD.

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Definitions:

Endowment

The total resources available to an individual or entity, which can include wealth, assets, or resources in an economic context.

Normal Good

A type of good for which demand increases as the income of individuals increases, holding everything else constant.

Wage Rate

The standard amount of compensation given to employees for services rendered, usually expressed per hour or year.

Second Job

An additional employment undertaken by an individual besides their primary job to earn extra income or explore a different field.