Multiple Choice
How can thinking of your business as a flywheel improve the handoff between sales and services?
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1. Introduction to Accounting
Business Organization
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
An entrepreneur would create a business plan to outline which of the following?
A
The company's goals, strategies, and financial projections
B
The history of all previous businesses in the industry
C
The legal requirements for all types of business structures
D
The personal tax returns of the entrepreneur
Verified step by step guidance1
Understand the purpose of a business plan: A business plan is a formal document that outlines the goals, strategies, and financial projections of a company. It serves as a roadmap for the entrepreneur and a tool to attract investors or secure loans.
Identify the key components of a business plan: These typically include the company's mission statement, market analysis, organizational structure, product or service offerings, marketing strategies, and financial projections.
Eliminate irrelevant options: The history of all previous businesses in the industry, legal requirements for all types of business structures, and personal tax returns of the entrepreneur are not typically included in a business plan. These are either unrelated or only tangentially relevant.
Focus on the correct answer: The business plan should specifically outline the company's goals, strategies, and financial projections, as these are essential for planning and decision-making.
Conclude that the correct answer is the option that aligns with the purpose and components of a business plan, which is 'The company's goals, strategies, and financial projections.'
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