To Get External Financing, an Entrepreneur's Business Plan Must Pass

question 66

True/False

To get external financing, an entrepreneur's business plan must pass the reality test, the competitive test, and the value test with potential lenders and investors.

---

Definitions:

Total Institution

A place of residence and work where a large number of like-situated individuals, cut off from the wider community, live in an enclosed formally administered round of life.

Maximum Security Institution

A highly secure prison designed to house the most dangerous offenders and prevent escapes.

Design Capacity

The maximum amount of work or throughput that a system, facility, or product was designed to handle effectively.

Correctional Supervision

A system of oversight for individuals who have been convicted of crimes, which can include incarceration, probation, and parole, aiming to rehabilitate offenders and protect the public.