Which of the Following Statements About Business Plans Is False

question 87

Multiple Choice

Which of the following statements about business plans is false?

• A)If you are seeking a banker,investor,or partner,a business plan is absolutely essential.
• B)If you are trying to run your business in an ambitious way,a business plan is vitally important.
• C)Typically,the higher-performing firms in any industry tend to be those who engage in planning.
• D)Having a business plan guarantees higher profits.

---

Definitions:

Job Satisfaction

A measure of how content an individual is with their job, which can affect their motivation, performance, and loyalty to the company.

Two-Factor Theory

A psychological theory proposed by Herzberg that suggests employee satisfaction and motivation are influenced by two factors: hygiene factors and motivators.

Satisfier Factor

Refers to elements that motivate individuals when present, according to Herzberg's Two-Factor Theory, contributing to job satisfaction and motivation.

Job Context

The environmental and situational factors surrounding a job, including its tasks, work conditions, and social demands.