Simon Established a Startup

question 1

Multiple Choice

Simon established a startup.He wanted to secure a domain name and have a website to market and sell his products.In this regard,which of the following should be the first step?

• A) Acquire trademarks and copyrights in order to protect against piracy and to develop license agreements.
• B) Develop an impressive digital graphical user interface to market the products on the website.
• C) Provide contact information and good product catalogs.
• D) Market the products using advertisements and build a brand name.

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Definitions:

Bonds Payable

Long-term debt instruments issued by a company to raise capital, with the promise to pay back with interest at a future date.

Direct Method

A cash flow statement formulation approach that lists major classes of gross cash receipts and payments.

Cash Received

The total amount of money received by a company during a specific period, including revenues, investments, and other sources of income.

Accounts Receivable

Amounts owed to a company by customers for goods or services that have been delivered but not yet paid for.