Which of the Following Would Be the First Thing for an Entrepreneur

question 43

Multiple Choice

Which of the following would be the first thing for an entrepreneur to do?

• A) Chose a reputable attorney.
• B) Create a marketing plan.
• C) Find a partner to share the responsibilities with.
• D) Identify industries that are favorable to new firms.
• E) Hire employees.

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Definitions:

Inducements

Incentives or rewards offered to encourage a specific action or behavior from individuals or groups.

Managerial Practices

The set of policies, practices, and procedures used by managers to guide decision-making and operations in an organization.

Quality of Work Life

A concept that involves ensuring job satisfaction, workplace health, and overall well-being for employees.

Work-Life Balance

The equilibrium between professional responsibilities and personal life, including family, leisure, and health, to maintain well-being and satisfaction.