The difference between a business plan and a scenario plan is:
a. A scenario plan is a one-to-three year planning document, but the business plan is a 10-to-20 year planning document.
b. Really, there is no difference
c. A scenario plan is like a capital budgeting plan. In short, it is for one scenario. But a business plan is for three to five years.
d. A scenario plan is a long-term planning document (normally 10 to 20 years), and a business plan is a three-to-five year plan.
e. None of the above.
.D
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When moving along a demand curve, which of the following changes?
A) the consumers' incomes B) the price of the good C) the number of buyers D) the consumers' preferences E) the prices of other goods
Along the short-run aggregate supply curve (SRAS), an increase (rightward shift) in the aggregate demand curve will increase: a. both the price level and real GDP
b. real GDP without raising the price level. c. the price level without affecting real GDP. d. the price level but reduce real GDP.
If income elasticity is positive, a product is inferior
Indicate whether the statement is true or false
Government demand-management policies that are used to try to increase the equilibrium level of output in the economy are known as
a. expansionary policies. b. fiscal dividends. c. output policies. d. laissez-faire policies.