The Business Plan Has Two Essential Functions;it Helps the Entrepreneur

question 24

True/False

The business plan has two essential functions;it helps the entrepreneur determine if the business will succeed and it helps recruit management talent to run the new company.

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Definitions:

Net Cash

The difference between an entity's total cash inflows and total cash outflows over a specific period.

Operating Activities

Activities that are directly related to the primary revenue-generating operations of a business.

Net Cash

The difference between a company’s total cash inflows and outflows within a given period, reflecting the company's liquidity position.

Financing Activities

Transactions and events where a company generates or pays back capital, including issuing shares or debt and dividend payments.