A model of what management expects a business to become in the future expressed in words and financial projections is a:
A)cost ratio.
B)cash budget.
C)business plan.
D)stretch plan.

Question

Quizplus · Accepted Answer

A business plan is a formal written document that describes the goals of a business and outlines the strategies and steps that will be taken to achieve those goals. It includes financial projections, market analysis, operational plans, and other important information necessary to communicate the vision and potential of the business to investors, lenders, and other stakeholders. While stretch plans and cost ratios may be components of a business plan, they do not encompass its full scope and purpose. Cash budgets are typically shorter-term financial plans that focus on cash flow management rather than long-term growth strategies.

A Model of What Management Expects a Business to Become