The Second Essential Purpose for Creating a Business Plan Is

question 6

Multiple Choice

The second essential purpose for creating a business plan is ________.

• A)to guide the operation of the company by charting its future course and devising a strategy for following it
• B)to attract lenders and investors
• C)to file with the SEC before a public stock offering
• D)to attract potential managers and employees to run the new venture

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Definitions:

Oxidative Phosphorylation

A process occurring in mitochondria that uses oxygen and high-energy electrons to produce ATP and water.

Krebs Cycle

A series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate derived from carbohydrates, fats, and proteins into carbon dioxide and water.

Oxygen

A chemical element with symbol O and atomic number 8, essential for respiration in animals and plants and a component of the Earth's atmosphere.

Oxygen Consumption

The rate at which oxygen is used by tissues, an important measure of metabolic activity and energy expenditure in organisms.