Multiple Choice
Which of the following is a main advantage of organizing a firm as a corporation?
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1. Introduction to Accounting
Business Organization
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Which section of a business plan should typically constitute the bulk of the plan?
A
The Financial Projections section
B
The Operations and Management section
C
The Executive Summary section
D
The Marketing and Sales Strategies section
Verified step by step guidance1
Understand the structure of a business plan: A business plan typically includes sections such as the Executive Summary, Operations and Management, Marketing and Sales Strategies, and Financial Projections.
Analyze the purpose of each section: The Executive Summary provides a high-level overview, the Operations and Management section details the internal workings of the business, Marketing and Sales Strategies focus on customer acquisition, and Financial Projections outline the financial expectations.
Determine which section contains the most detailed and comprehensive information: The Operations and Management section often constitutes the bulk of the plan because it includes detailed descriptions of the organizational structure, processes, staffing, and day-to-day operations.
Consider the importance of each section in relation to the business plan's goals: While all sections are important, the Operations and Management section typically requires the most content to explain how the business will function effectively.
Conclude that the Operations and Management section is the correct answer based on its detailed and expansive nature compared to other sections of the business plan.
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