When Creating Financial Forecasts in a Business Plan for a Proposed

question 36

Multiple Choice

When creating financial forecasts in a business plan for a proposed venture, an entrepreneur should:

• A) be sure that all forecasts are realistic.
• B) list all previous loans which are in default.
• C) avoid including a statement of the assumptions on which financial projections are based.
• D) present an overly optimistic view of what is ahead for the business.

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Definitions:

Family Sculpting

A psychotherapy technique where family members position themselves physically in a way that represents emotional relationships and dynamics within the family.

Triangulating

The method of using multiple sources or perspectives to examine and validate information or results.

Erroneous Beliefs

Incorrect or false beliefs that can influence behavior and decision-making in a negative way, often without the individual being aware of their inaccuracy.

Couple Relationships

The dynamic and interpersonal connection between two individuals in a romantic or conjugal partnership.