A Solid Business Plan Is Marked by a Number of Characteristics

question 20

Multiple Choice

A solid business plan is marked by a number of characteristics including:

• A)broad,general market research on the overall industry and business environment.
• B)a description of the management team.
• C)a minimum of financial detail.
• D)an optimistic financial projection and understandable risk statement.

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Definitions:

Sampling Error

The difference between a sample statistic used to estimate a population parameter and the actual but unknown value of the parameter.

Generalizability

The extent to which findings from a study can be applied to larger populations or different contexts beyond the original study conditions.

Statistic

A numerical value that describes a sample characteristic, obtained from data analysis.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.