Which of the following is the best description of a typical business plan for a small business? A business plan is a(n): a) legally-required document that the company must file with the Small Business Administration on an annual basis: and that documents the funding the company needs for the next fiscal year. b) short document, usually no more than 10-15 pages in length, that provides a basic overview of the company's mission and products )c) formal document, often 25-50 pages in length, that describes the company, sets forth its key objectives, and provides details as to how and when the organization plans to achieve these objectives. ) d) annual report that the company provides to partners or stockholders, diseussing the company's objectives and assessing its challenges for the coming year.
Which of the following is the best description of a typical business plan for a small business? A business plan is a(n): a) legally-required document that the company must file with the Small Business Administration on an annual basis: and that documents the funding the company needs for the next fiscal year. b) short document, usually no more than 10-15 pages in length, that provides a basic overview of the company's mission and products )c) formal document, often 25-50 pages in length, that describes the company, sets forth its key objectives, and provides details as to how and when the organization plans to achieve these objectives. ) d) annual report that the company provides to partners or stockholders, diseussing the company's objectives and assessing its challenges for the coming year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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/Which of the following is the best description of a typical business plan for a small business? A business plan is a(n):
a) legally-required document that the company must file with the Small Business Administration on an annual
basis:
and that documents the funding the company needs for the next fiscal year.
b) short document, usually no more than 10-15 pages in length, that provides a basic overview of the
company's mission and products
)c) formal document, often 25-50 pages in length, that describes the company, sets forth its key objectives, and
provides details as to how and when the organization plans to achieve these objectives.
) d) annual report that the company provides to partners or stockholders, diseussing the company's objectives
and assessing its challenges for the coming year.
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