The Main Contents of a Typical Business Plan Include All

question 68

Multiple Choice

The main contents of a typical business plan include all of the following EXCEPT ________.

• A) political forecast
• B) business description
• C) marketing plan
• D) financial plan
• E) personnel plan

Learn how to compute the margin of safety and its implications for business stability.

Grasp the concept and calculation of contribution margin and contribution margin ratio.

Understand how changes in sales volume, prices, and costs affect net income.

Learn to calculate and interpret the degree of operating leverage.

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Definitions:

Sample

A subset of the population.

Test Statistic

A metric derived from data in a sample during a hypothesis testing process, employed to decide if the null hypothesis should be discarded.

Proportions

Ratios indicating the fractional part of a whole that have specific characteristics.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis, significant in hypothesis testing.