Question

A business plan is a document describing the start-up costs and operating expenses of a new business.

true or false

Answer 1

Answer: False

Explanation:

A business plan is known to be a document which contains the nature, objectives and goals of the business. Also, it describe the financial background and marketing framework of the business. Thus, it entails the steps in achieving the goals and objectives over a specified period of time or time limit.

Answer 2

False! The Financial Plan is the document which describes the start-up costs and operating expenses of a new business. The business plan has more in depth details other than financials.