Author Question: The difference between a business plan and a budget is: a. A budget is a one-to-three year planning ... (Read 111 times)

serike · **on:** Jun 30, 2018

The difference between a business plan and a budget is:
a. A budget is a one-to-three year planning document, but a business plan is a 10-to-20 year planning document.
b. Really, there is no difference
c. A budget is a long-term planning document, and a business plan is a very short-term planning document.
d. A business plan is a three-to-five year planning document, and a budget is generally a one-to-three year planning document.
e. None of the above

Question 2

Which of the following factors is not a major cause of long-term economic growth?
a. Government-defined property rights for individuals
b. A stable, fair, and predictable political environment
c. Expansionary fiscal policy (i.e., lower taxes and higher government spending)
d. Competitive markets
e. Free movement of goods, services, capital, and labor