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 Research. 3. The Balance Sheet is a statement of assets and liabilities. 4. A Curriculum Vitae is a document used for loan applications. 5. Prototype Development involves making a mock-up or first sample of a product.

Leaving Cert Business Marketing: Write TRUE or FALSE after each o

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 Resear... 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 refers to a long-term plan aimed at achieving overarching goals rather than just short-term objectives.

Step 2

2. Conducting a survey in the marketplace is an example of Field Research.

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Answer

TRUE. Conducting surveys in the marketplace is indeed a method of gathering data directly from participants, which aligns with the principles 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 is a financial statement that represents a company's assets, liabilities, and shareholders' 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 primarily a document used to present an individual’s educational background, work experience, and skills, not typically for loan applications.

Step 5

5. Prototype Development involves making a mock-up or first sample of a product.

97%

117 rated

Answer

TRUE. Prototype Development refers to the process of creating a preliminary version or sample of a product to test and validate concepts.

Write TRUE or FALSE after each of these sentences: 1 - Leaving Cert Business - Question 8 - 2008

Worked Solution & Example Answer:Write TRUE or FALSE after each of these sentences: 1 - Leaving Cert Business - Question 8 - 2008

1. A strategic plan is a short term plan.

2. Conducting a survey in the marketplace is an example of Field Research.

3. The Balance Sheet is a statement of assets and liabilities.

4. A Curriculum Vitae is a document used for loan applications.

5. Prototype Development involves making a mock-up or first sample of a product.

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