The Primary Purpose of a Business Plan Is To

question 121

Multiple Choice

The primary purpose of a business plan is to:

• A) attract lenders and investors.
• B) enable an entrepreneur to take her company public.
• C) guide a company by charting its future course and devising a strategy for success.
• D) meet SEC and other legal requirements designed to protect lenders and investors.

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Definitions:

Rigidly Patterned

Describes behavior or processes that are strictly regular and unvarying, often adhering to a fixed or inflexible structure or sequence.

Instincts

Innate, typically fixed patterns of behavior in animals in response to certain stimuli.

Hunger Strike

A form of protest where individuals refuse to eat food to draw attention to a cause or grievance.

Motivation Theory

An area of psychology that focuses on understanding what drives individuals to initiate, direct, and sustain behaviors and actions towards achieving certain goals.