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 is typically a long-term plan that outlines an organization's direction and goals.
Step 2
2. Conducting a survey in the marketplace is an example of Field Research.
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Answer
TRUE: Conducting a survey in the marketplace is indeed a form of field research as it involves gathering data directly from the target audience.
Step 3
3. The Balance Sheet is a statement of assets and liabilities.
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Answer
TRUE: The Balance Sheet provides a snapshot of an organization's assets, liabilities, and equity at a specific point in time.
Step 4
4. A Curriculum Vitae is a document used for loan applications.
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Answer
FALSE: A Curriculum Vitae (CV) is typically a document for job applications, outlining a person's education, qualifications, and experiences.
Step 5
5. Prototype Development involves making a mock-up or first sample of a product.
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Answer
TRUE: Prototype Development indeed involves creating a mock-up or the first sample of a product to test and refine the concept.
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