Which of the Following About Business Plans and Business Cases

question 40

Multiple Choice

Which of the following about business plans and business cases is not correct?

• A)The content of a business case is similar to that of a business plan.
• B)One difference is that the business plan concentrates on the viability of a company,whereas a business case assesses both the viability of the project and the fit of the initiative with the firm's mission and goals.
• C)The audiences are the same-senior management and the board or directors.
• D)The purposes are the same-to justify a specific investment of funds.

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Definitions:

Guanxi

A Chinese term referring to the interpersonal relationships, networks, and connections essential for business and social outcomes.

Relationship Building

Relationship building is the process of developing and fostering connections and rapport with others, which is essential in both personal interactions and professional environments.

Social Responsibility

The ethical framework suggesting that individuals and organizations have an obligation to act for the benefit of society at large, balancing economic growth with the welfare of environmental and social ecosystems.

Community

A group of people living in the same place or having a particular characteristic in common, also can refer to a feeling of fellowship with others as a result of sharing common attitudes, interests, and goals.