The Owner of a New Venture Wants to Supplement the Managerial

question 3

Multiple Choice

The owner of a new venture wants to supplement the managerial talent of its management team by drawing on outside assistance. Which of the following would be the least likely source of help?

• A) A commercial bank
• B) A certified public accounting firm
• C) An attorney
• D) The Small Business Administration

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Definitions:

Profitable Product

A product that generates more revenue than the costs associated with its production, distribution, and sale, contributing to a company's profit.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 aimed at protecting investors from fraudulent accounting activities by corporations.

Fraud

A deliberate act of deception intended for personal gain or to cause a loss to another party.