Which of the following points does the existence of a business plan demonstrate?
A) The business process has been carefully planned.
B) The business will be financially successful.
C) The business fulfills an important market need.
D) The business has full-time employees.
E) The business has a unique idea.
A
Explanation: A) A well-developed business plan does not mean that a business will be successful. It only means that somebody has taken the time to construct the plan, which requires careful thinking.
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Which of the following is a characteristic of a plant asset, such as a building?
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