Chapter 7 The Business Plan

Chapter 7 The Business Plan - C hapter 7 The Business Plan:...

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Chapter 7 The Business Plan: Creating and Starting the Venture True/False Questions 1. Planning the new venture is a process that never ends. Answer: True Page: 199 Difficulty: Easy 2. The business plan addresses both short term and long term decision making. Answer: True Page: 199 Difficulty: Easy 3. To maintain objectivity, the business plan should not be written by the entrepreneur. Answer: False Page: 200 Difficulty: Medium 4. The business plan is a private document and should not be read by employees and customers. Answer: False Page: 201 Difficulty: Medium 5. In the business plan the entrepreneur should address the needs of the entrepreneur and the needs of the market; the investor's perspective is not important. Answer: False Page: 201 Difficulty: Medium 6. The process of writing the business plan provides a self-assessment for the entrepreneur. Answer: True Page: 201 Difficulty: Easy 7. The best way to address the concerns of all potential audiences when writing the business plan is to rely exclusively on a computer software package. Answer: False Page: 202 Difficulty: Medium
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Chapter 7 The Business Plan - C hapter 7 The Business Plan:...

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