In the venture life cycle, moving from the development stage to the startup stage frequently begins with the preparation of a business plan. The business plan is a written document that describes the proposed venture in all of the following terms except :
A)the proposed product or service opportunity
B)the accounting data for the last five years
C)current resources available to the venture
D)financial projections

Question

Quizplus · Accepted Answer

The business plan typically includes a description of the proposed product or service opportunity, current resources available to the venture, and financial projections. However, it typically does not include accounting data for the last five years, as this information pertains to the past performance of the venture rather than its proposed future operations.

In the Venture Life Cycle, Moving from the Development Stage