The Primary Purpose of Building a Business Plan Is To

question 46

Multiple Choice

The primary purpose of building a business plan is to:

• A)raise capital.
• B)attract potential employees.
• C)provide direction,to create a "target" to shoot for.
• D)meet SEC requirements designed to protect lenders and investors.

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Definitions:

Breach Of Fiduciary Duty

A failure to act in the best interest of someone to whom a duty of care is owed, often seen in financial and legal relationships.

Director

A member of a group of persons chosen to govern the affairs of a corporation, company, or other entity, responsible for making major policy and financial decisions.

Pre-Incorporation

Describes agreements, actions, or commitments made on behalf of a corporation before its official legal formation.

Supreme Court Of Canada

The highest court in Canada, serving as the final court of appeal and deciding on the most significant legal issues affecting the country.