Author Question: A ________ outlines an organization's official position on issues that affect its success. A) ... (Read 123 times)

geodog55 · **on:** Jun 23, 2018

A ________ outlines an organization's official position on issues that affect its success.

A) policy report
B) position paper
C) feasibility report
D) business plan
E) compliance report

Question 2

As a monitor-and-control mechanism, a business plan

A) is useful only before a company is launched.
B) always contains the same elements.
C) should not identify risks and problems, since these might discourage potential investors.
D) is sometimes prepared after a company is up and running.
E) is useful only when seeking additional funding.

kxciann · **Reply #1 on:** Jun 23, 2018

Answer to Question 1

Answer: B
Explanation: B) Position papers outline an organization's official position on issues that affect the company's success.

Answer to Question 2

Answer: D
Explanation: D) Surprisingly, many companies do not write out a business plan until they are already operating. Many new companies start out with just a few people who do everything and don't require formal plans. When these companies grow, they often see the need to create a business plan, mostly as a way to monitor and guide the growth process as they continue to expand.