In Order to Improve His Chances of Small Business Success

question 61

Multiple Choice

In order to improve his chances of small business success, Demitri prepared a business plan. Most often, a positive outcome of this exercise is:

• A) the plan will meet federal reporting requirements of the Internal Revenue Service.
• B) the plan ensures financing will be available from the Small Business Administration.
• C) the plan enables Demitri to think carefully about all aspects of his business idea.
• D) the plan will protect Demitri from failure.

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Definitions:

Uric Acid

A waste product found in the blood, resulting from the breakdown of purines, substances found in certain foods and drinks.

Osmoconformers

Organisms that maintain internal fluid and solute levels that are isotonic with their external environment.

Open Ocean Waters

Regions of the ocean that are far from land, typically characterized by deep water, strong currents, and a wide range of marine biodiversity.

Coastal Zones

Regions where land meets the ocean or sea, characterized by distinct ecological and environmental attributes.