A business plan is a document describing the start-up costs and operating expenses of a new business. The statement is False.
A business plan is refer to a document that provides information about teh planning of any organization and about the product to be launched in the market. It also includes planning for budget for various activities.
The document describing the startup costs and operating expenses of a new business is written in the financial statement to maintain records, not as Business Plan.
Therefore, the statement is False.
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