Given That Startups Can Be Flexible in Their Business Model,what

question 8

Multiple Choice

Given that startups can be flexible in their business model,what general guide should they follow?

• A)Existing models should not be changed.
• B)Existing models should be replaced frequently.
• C)Existing models should be prepared to adjust as markets change.
• D)Existing models require annual updating.

---

Definitions:

Limited Partner

In a limited partnership, a partner who contributes capital to the partnership but has no right to participate in its management and has no liability for partnership debts beyond the amount of her or his investment.

Dissolution

The process of officially ending or dissolving a business, partnership, or marriage, along with the settling of its affairs.

Limited Partnership

A business structure where one or more partners are liable only up to the amount of their investments, while at least one other partner has unlimited liability.

Additional Capital

Additional capital refers to the funds that a business raises or receives beyond its initial funding, often to support expansion or operational needs.