5. _________ primarily look to secure equity.

a. Entrepreneurs

b. Economists

c. Lenders

d. Investors

6. For experienced and knowledgeable entrepreneurs, it may take 40 hours to complete the business plan. Whereas, inexperienced entrepreneurs spend double that time or 80 hours.

a. True

b. False

7. The business plan could take hundreds of hours to prepare, depending on the experience and knowledge of the entrepreneur as well as the purpose it is intended to serve.

a. True

b. False