Which Statement Is True About Starting a Business Online as a Part-Time

question 17

Multiple Choice

Which statement is true about starting a business online as a part-time entity?

• A)While launching a business online as a part-time startup typically has a lower cost,the over all cost is greater as the company grows.
• B)Flexibility is the main reason why an entrepreneur will start a business in this format.
• C)Starting a Internet-based businesses on a part-time basis reduces the entrepreneur's personal risk if the company should fail.
• D)Two of the above statements are true.

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Definitions:

Algorithm

A step-by-step procedure for calculations, data processing, and automated reasoning tasks.

Representativeness Heuristic

A cognitive shortcut where people categorize situations or individuals based on how similar they are to typical cases or categories they know.

Prototypes

Original models or first forms from which subsequent forms are derived or developed; in psychology, widely accepted examples of a certain category.

Heuristic

A mental shortcut or rule of thumb that simplifies decision-making but may not always lead to optimal outcomes.