Increasingly,research Studies on the Career Paths of Entrepreneurs and the Self-Employed

question 26

Multiple Choice

Increasingly,research studies on the career paths of entrepreneurs and the self-employed suggest that which of the following is the central factor in successful venture creation?

• A) Networking
• B) The ability to marshal resources
• C) Experience and know-how
• D) The ability to attract and motivate an effective team

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Definitions:

Limited Liability Partnership

A partnership where some or all partners have limited liabilities, protecting them from certain debts or obligations beyond their investment.

General Partners

Parties in a partnership who are responsible for the management of the partnership and are personally liable for its debts.

Limited Partners

Investors in a limited partnership who are only liable for the business's debts and obligations up to the amount of their investment.

Limited Partnership

A form of partnership featuring both general partners, with unlimited liability, and limited partners, with liability limited to their investment.