According to the Textbook, the Single Most Important Thing the Founders

question 1

Multiple Choice

According to the textbook, the single most important thing the founders of an entrepreneurial venture can do is ________.

• A) start a board of advisors
• B) establish business partnerships
• C) make money
• D) select a limited liability corporation as opposed to an S-corporation
• E) establish a strong ethical culture for their firms

---

Definitions:

Mean

A type of average calculated by summing values and dividing that sum by the number of values.

Average Scores

The mean value calculated by adding all the scores together and dividing by the number of scores.

Dependent-Samples T-Test

A statistical procedure used to compare the means of two related groups, indicating whether there's a significant difference under the assumption of normally distributed differences.

Research Hypothesis

A specific, testable prediction about the expected outcome of a study, often implying a relationship between variables.