The Founders of a Small Business Need to Be Involved

question 20

Multiple Choice

The founders of a small business need to be involved in which of the following tasks when starting the new business?

• A)Design
• B)Funding
• C)Operating
• D)All of these

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Definitions:

Nonborrowed Source

A term referring to funds or resources that are not obtained through borrowing.

Franchise Fee

The one-time payment made to become a franchisee.

Venture Capitalist

An investor who provides capital to startup companies and small businesses with perceived long-term growth potential in exchange for equity.

One-Time Payment

A single transaction or payment made to settle a debt or purchase a product or service, without requiring recurring payments.