Final answer:
The business plan should deceive neither investors nor loan officers and should convey accurate and realistic expectations of business potential.
Step-by-step explanation:
The statement “The business plan should deceive neither investors nor loan officers and should convey accurate and realistic expectations of business potential” is True.
A business plan is a document that outlines the goals, strategies, and financial projections of a business. It is used to attract investors or secure loans. To maintain trust and credibility, it is essential for a business plan to be honest and transparent, providing accurate information and realistic expectations of the business potential.
Deceiving investors or loan officers by providing false information or exaggerated claims in a business plan can lead to severe consequences, such as legal issues or a damaged reputation. Therefore, it is vital to ensure that a business plan accurately represents the business and its potential.