Which of the Following Statements About a Business Plan Is

question 95

Multiple Choice

Which of the following statements about a business plan is false?

• A)A business plan enables you to look at every aspect of your business.
• B)Business plans are important if you intend to ask others for expertise or financial investments.
• C)Estimates suggest that a business plan may take anywhere from 10 to 20 hours or more if you are new to business.
• D)If you are new to business and need to gain basic experience,you might want to obtain other types of experience before writing a business plan.

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Definitions:

HR Planning

The process of forecasting an organization's future human resource needs and determining how to meet those needs.

Talent Bench

Talent Bench refers to a pool of high-potential employees within an organization who are ready to fill key positions as they become available.

External Hiring

The process of filling job vacancies within a company by recruiting candidates from outside the organization, as opposed to promoting existing employees.

Computerized Record System

An electronic platform for storing, retrieving, and managing data and records efficiently.