An informational report that summarizes a proposed business venture is called a(n)____________
A)business plan.
B)compliance report.
C)operating report.
D)personal activity report.

Question

Quizplus · Accepted Answer

A business plan is a formal document that outlines a proposed business venture, including information on the product or service, target market, competition, marketing strategies, financial projections, and management team. It is used by entrepreneurs to secure funding from investors or loans from banks, and serves as a roadmap for the business to follow in order to achieve success. Compliance reports, operating reports, and personal activity reports are all different types of business reports, but do not specifically relate to a proposed business venture.

An Informational Report That Summarizes a Proposed Business Venture Is