At Each of the Different Stages of Developing a New

question 4

Multiple Choice

At each of the different stages of developing a new venture there are different significant challenges to overcome in order to make a successful transition to the next stage, what the researchers call "critical junctures".Which of the following is not normally such a critical transition?

• A)Entrepreneurial commitment - persistence that bind the venture champion to the emerging business venture.
• B)Venture credibility - of the venture team, key customers and other social capital and relationships.
• C)Resource availability - access to the necessary financial resources.
• D)Opportunity recognition - the ability to connect know-how to a commercial application.

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Definitions:

Land

A tangible asset representing property owned by an individual or business.

Operating Activities

Activities related to the core business functions of a company, such as manufacturing, distributing, marketing, and selling a product or service.

Investing Activities

Transactions involving the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Indirect Method

A way of reporting cash flows from operating activities on the cash flow statement, where net income is adjusted for changes in balance sheet accounts to reconcile to cash provided by or used in operations.