Which of the Following Statements Is True of Business Plans

question 33

Multiple Choice

Which of the following statements is true of business plans?

• A) Firms without a business plan are less likely to close down than firms with plans.
• B) External legitimacy for a firm is best established by creating business plans.
• C) Typically,the higher-performing firms in any industry tend to be those who do not have any business plan.
• D) Having a business plan guarantees higher profits.

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Definitions:

Nucleophilic Acyl Substitution

A reaction where a nucleophile replaces the leaving group in an acyl compound.

Carbonyl

A functional group consisting of a carbon atom double-bonded to an oxygen atom \(\text{C=O}\).

Leaving Group

An atom or group that departs with a pair of electrons in a chemical reaction, making a bond-breaking step feasible.

Alkoxides

Anions formed from the deprotonation of alcohols, typically represented as RO-, where R is an alkyl group.