A prototype
A) is expensive to create and is therefore only created once user needs are well-defined.
B) is making an internal and external review of the system to be analyzed, noting that users may not use the existing AIS as intended.
C) is typically created during the physical design phase of systems development.
D) can be used to help users identify and communicate their system needs.
Answer: D
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Which of the following statements is incorrect regarding franchising?
A) In some industries, such as automotive and retail food, franchising is a dominant form of business ownership and growth. B) There are some instances in which franchising is not appropriate. C) Franchising is a relatively new form of business organization. D) Franchising, by its very nature, involves the sharing of knowledge between a franchisor and a franchisee. E) Franchising is a relatively poorly understood form of business ownership and growth.
Which statement about the executive summary section of a business plan is FALSE?
a. It should describe the business. b. It should identify the goals and objectives of the business. c. It should identify what is sought from potential investors. d. It should sound professional and be written in formal, technical language.