Short and Shearer Are Two Friends Who Want to Begin

question 34

Multiple Choice

Short and Shearer are two friends who want to begin an entrepreneurship venture as business partners.They need to decide whether to start up a new business or to buy an existing business.To do this,Short and Shearer need to weigh the pros and cons of each in order to see what the best strategy for them would be. Which of the following,if true,would weaken the case for Short and Shearer's starting a new business?

• A)Starting a new business allows an entrepreneur to determine their own working hours.
• B)Starting a new business allows an entrepreneur to establish their own clientele.
• C)Starting a new business allows an entrepreneur to use their own ideas.
• D)Starting a new business gives a potential for a feeling of great accomplishment.
• E)Starting a new business involves using an untested business model.

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Definitions:

Process Definition

The act of describing the steps, methods, or actions taken to achieve a specific task or to bring about a certain outcome, often used in business and technical contexts.

Adaptive Leadership

A leadership approach that emphasizes the ability of a leader to adapt to changing circumstances and to facilitate the adaptation of others.

Complexity Leadership Theory

A leadership perspective that emphasizes the role of leaders in navigating and managing the complex adaptive processes within organizations.

Psychodynamic

A psychological perspective focusing on the interplay between unconscious and conscious motivation and their effects on behavior.