Which of the Following Statements Is True About Business Plans

question 48

Multiple Choice

Which of the following statements is true about business plans?

• A) A well-prepared business plan always avoids contingent liabilities as the plan helps to predict and change the occurrence of a contingent liability.
• B) A business plan is useful only in case of exigency in the business environment otherwise a business plan is not important.
• C) A business plan is a trivial part in the overall strategy formulation and its impact on business operations in the long run is miniscule.
• D) A well-prepared business plan makes it easier for an entrepreneur to communicate to potential investors precisely what returns an investor might expect to receive.