The Idea of a Business Plan Is Not New

question 61

True/False

The idea of a business plan is not new.What is new is the growing use of specialized business plans by entrepreneurs,mostly because creditors and investors demand them for use in deciding whether to help finance a small business.

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Definitions:

Wrongful Dismissal

Termination of an employee's contract of employment in violation of the law or the terms of the contract itself.

Employment Relationship

A legal and formal association between an employer and an employee where both parties have specific rights and obligations.

Tortious Conduct

Behavior that constitutes a tort, actions that cause injury or harm to another person, leading to legal liability.

Independent Contractor

A person or entity contracted to perform work for another entity as a non-employee, retaining control over how the work is executed.