Which of the Following Is/are True Regarding Business Plans

question 84

Multiple Choice

Which of the following is/are true regarding business plans?

• A)Provide a pathway to success.
• B)Allow entrepreneurs to replace faulty assumptions with facts before making the decision to go into business.
• C)Create a benchmark against which entrepreneurs can measure actual company performance.
• D)All of the above

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Definitions:

Legal Entity

A legal entity refers to any company or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Sole Proprietorship

A sole proprietorship is a type of business structure where one individual owns and operates the business, bearing sole responsibility for its assets and liabilities.

Single Individual

Refers to one person, often in contexts emphasizing the role or impact of just one member within a larger group or system.