A Business Model

question 18

Multiple Choice

A business model

• A) is only important for startups with a large amount of uncertainty.
• B) is intended to provide evidence on whether a concept is viable not if it can be profitable.
• C) is made up of a revenue model, a cost structure, and a maximum investment component.
• D) forces the entrepreneur to be more discipline about financial projections.

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Definitions:

Ethical Ideals

Principles or standards of behavior that are considered morally right or desirable in a society or by a particular group.

Ethical Leadership

describes leading by demonstrating ethical behavior, influencing others to behave ethically through actions and decisions.

Zero-Tolerance Policy

A policy that enforces strict punishment for infractions of a stated rule, with the intention of eliminating undesirable behaviors.

Ethical Intensity

The degree of importance or impact that an ethical issue has, based on its potential outcomes and the number of people affected.