A Business Plan Is a Written Summary of an Entrepreneur's

question 88

True/False

A business plan is a written summary of an entrepreneur's proposed venture, its operational and financial details, its marketing opportunities and strategy, and its managers' skills and abilities.

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Definitions:

Judgment

The ability to make considered decisions or come to sensible conclusions based on available information.

Compliance

The act of adhering to rules, standards, or laws set by governing bodies or organizational policies.

Duty

A moral or legal obligation to perform or refrain from performing a certain action; often relates to roles in jobs or society.

Obligation

A duty or commitment that an individual or organization is required to fulfill, whether by law, contract, or moral necessity.