Which of the Following Is True About Creating a New,independent

question 58

Multiple Choice

Which of the following is true about creating a new,independent business?

• A) The possibility for borrowing start-up capital or getting investors is more, compared to buying an existing business.
• B) The owner's freedom is less, compared to buying an existing business.
• C) The business processes and systems are usually already in place.
• D) The workforce is usually already in place.
• E) The customer base must be built from the ground up.

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Definitions:

Degree

A unit of measurement of angles or a level of achievement in education, often conferred by a university or college as evidence of completion of a course of study.

Intent

A determined purpose or aim; the intention behind an action.

Mnemonic Device

Strategy to aid memory.

Elaboration

The process of adding more detail or information to something, often used to enhance memory or understanding.