Which of the following statements is true regarding business plans: A. A corporation is the only legal form of business ownership that should develop a business plan. B. The operating plan details information regarding the business's services. C. Owners often use business plans as a tool to help them achieve their objectives. D. Lending institutions do not usually require loan applicants to submit a business plan.
Which of the following statements is true regarding business plans: A. A corporation is the only legal form of business ownership that should develop a business plan. B. The operating plan details information regarding the business's services. C. Owners often use business plans as a tool to help them achieve their objectives. D. Lending institutions do not usually require loan applicants to submit a business plan.
Chapter1: Role Of Accounting In Society
Section: Chapter Questions
Problem 11MC: Which of the following is not considered a stakeholder of an organization? A. creditors B. lenders...
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Question
Which of the following statements is true regarding business plans:
A.
A corporation is the only legal form of business ownership that should develop a business plan.
B.
The operating plan details information regarding the business's services.
C.
Owners often use business plans as a tool to help them achieve their objectives.
D.
Lending institutions do not usually require loan applicants to submit a business plan.
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