A Business Plan

question 110

Multiple Choice

A business plan:

• A)reduces the risk and uncertainty involved in starting a new company.
• B)is a guarantee of success for the small company.
• C)should be done by professional writers in consultation with the owner.
• D)should be kept in outline form to avoid over structuring the company.

---

Definitions:

Interpersonal

Relating to relationships or communication between people.

Informational

Pertaining to or providing information; often associated with data, facts, or knowledge communicated or received.

Decisional

Pertaining to or involving the process of making decisions.

Robert Katz

Identified for his theory on managerial skills, notably the importance of technical, human, and conceptual skills in management.