ADMS 3920 Lecture Notes - Hyperbole, Better Business Bureau, Jargon

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True/false: as the game plan for a new venture, the business plan focuses on the entrepreneur"s bank account and other cash sources. The business plan crystallizes the hope and dreams that motivated the entrepreneur to propose the start of a new business. Obj: 6-1 type: c: the business plan is essentially a selling document. Obj: 6-1 type: c: the business plan is used primarily to aid in the development of relationships with outsiders and not so much with insiders. The business plan is used for both outsiders and insiders. Obj: 6-1 type: c: one of the primary functions of a business plan is to serve as a selling document to convince key individuals that the venture has real potential. Obj: 6-1 type: c: a business plan is a written document that sets out the basic idea underlying a business and its related startup considerations.

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