Which of the Following Statements About the Preparation of a Business

question 110

Multiple Choice

Which of the following statements about the preparation of a business plan is/are not true?

• A) Grammatical and spelling errors in a business plan don't really count since potential lenders and investors judge the quality of a plan by its content.
• B) The business plan should be "crisp," long enough to say what it should but not so long that it is a chore to read.
• C) Always include cash flow projections for the venture, in addition to projected income statements and balance sheets.
• D) Always tell the truth.

---

Definitions:

Wanting

An organism’s motivation to obtain a reward.

Intrinsic Reward

A reward or form of motivation that comes from within an individual, driving behavior for the inherent satisfaction or pleasure derived from the activity itself.

Extrinsic

Originating from outside an individual, often referring to motivations or rewards that are external rather than internal.

Implicit

Something implied or understood though not directly expressed.