Which of the Following Is Not a Common Reason Why

question 72

Multiple Choice

Which of the following is not a common reason why business plans fail?

• A)objectives are not measurable
• B)no customer need was established
• C)the entrepreneur has no experience in the planned business
• D)the promotional strategy was not taken seriously

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Definitions:

Accord And Satisfaction

A legal contract whereby a dispute is settled by the parties involved agreeing to give and accept something in settlement of the claim and thus satisfying both sides.

Unliquidated Debt

An obligation whose precise financial amount is yet to be established.

Liquidated Debt

A debt with a specific, fixed amount that has been agreed upon by all parties involved.

Accord

An agreement in law where two parties agree to settle a dispute by one party fulfilling a condition offered by the other.