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:

Predict

To declare or indicate in advance; to forecast the occurrence of something.

Experimental Method

A research method involving the manipulation and control of variables to study causality.

Determinism

The philosophical belief that all events, including moral choices, are completely determined by previously existing causes.

Hereditarianism

The belief that genes and hereditary factors significantly influence a person's traits, characteristics, and abilities.