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.

Grasp the essence and sequence of activities in a value chain.

Recognize the principles of just-in-time scheduling and its impact on inventory management.

Understand the integration of areas in supply chain management.

Identify typical value chain support activities.

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Definitions:

Clean Air Act

Federal legislation in the United States aimed at controlling air pollution by setting emissions standards for factories, vehicles, and other sources.

Air Quality

The degree to which the air in a particular place is free from pollutants.

Air Quality

Refers to the cleanliness or pollution level of the air in a specific area, impacting health and environment.

Federal Gasoline Tax

A tax imposed by the federal government on the sale of gasoline, primarily used to fund transportation projects.