Which statement BEST describes how to handle the matter of risks in a business plan?

Question

Quizplus · Accepted Answer

It is essential to acknowledge the risks in a business plan and provide contingency plans to mitigate their impact. Ignoring or downplaying risks can lead to failure, while providing an alternative version of the plan may not be necessary if proper contingencies are in place. It is also acceptable to project plans for the company's development beyond the stage covered in detail in the business plan, as long as they are supported by research and data. However, this does not address the issue of managing risks.

Which Statement BEST Describes How to Handle the Matter of Risks