Which of the Following Is Usually Not Considered to Be

question 28

Multiple Choice

Which of the following is usually not considered to be one of the phases of entrepreneurship?

• A) Idea for new product or service.
• B) Order a new boat and car in the first year of business.
• C) Assemble required resources.
• D) Build a successful business.
• E) Harvest the rewards.

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Definitions:

Bargaining Agreement

A legally binding contract between an employer and a union representing the employees, outlining wages, hours, and working conditions.

Mediation

The use of an impartial neutral to reach a compromise decision in employment disputes.

Binding Recommendations

Recommendations that are obligatory and must be followed or implemented.

Arbitration

A method of dispute resolution where an impartial third party makes a decision to resolve a dispute, typically seen as an alternative to litigation.