Write TRUE or FALSE after each of these sentences:
1 - Leaving Cert Business - Question 8 - 2008
Question 8
Write TRUE or FALSE after each of these sentences:
1. A strategic plan is a short term plan.
2. Conducting a survey in the marketplace is an example of Field Resea... show full transcript
Worked Solution & Example Answer:Write TRUE or FALSE after each of these sentences:
1 - Leaving Cert Business - Question 8 - 2008
Step 1
1. A strategic plan is a short term plan.
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Answer
False. A strategic plan typically outlines long-term goals and the means to achieve them.
Step 2
2. Conducting a survey in the marketplace is an example of Field Research.
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Answer
True. Surveys conducted directly in the marketplace are indeed a form of field research.
Step 3
3. The Balance Sheet is a statement of assets and liabilities.
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Answer
True. The balance sheet provides a summary of a company's financial position, detailing assets, liabilities, and equity.
Step 4
4. A Curriculum Vitae is a document used for loan applications.
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Answer
False. A Curriculum Vitae (CV) is primarily used for job applications to outline an individual's educational background and work experience.
Step 5
5. Prototype Development involves making a mock-up or first sample of a product.
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Answer
True. Prototype development is the process of creating a preliminary model of a product to test and evaluate its design and functionality.
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