In the Venture Life Cycle, Moving from the Development Stage

question 62

Multiple Choice

In the venture life cycle, moving from the development stage to the startup stage frequently begins with the preparation of a business plan. The business plan is a written document that describes the proposed venture in all of the following terms except :

• A)the proposed product or service opportunity
• B)the accounting data for the last five years
• C)current resources available to the venture
• D)financial projections

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Definitions:

Customs

Traditional and widely accepted ways of behaving or doing something that are specific to a particular society, place, or time.

Roles

The functions or parts played by individuals in a particular social context or system.

Terror Management Theory

A psychological concept suggesting that humans have distress and anxiety over awareness of mortality, driving them to seek symbolic or literal immortality through their cultures and values.

Moral Foundations Theory

A social psychological theory that suggests there are several universal moral domains upon which human ethical systems are constructed, influencing our judgments and behaviors.