Which of the Following Suggestions Would an Experienced Business Owner

question 176

Multiple Choice

Which of the following suggestions would an experienced business owner offer to help someone who is thinking about starting a business venture?

• A) Avoid the temptation of buying an existing firm. Build your own reputation and make your own mistakes.
• B) Gain experience by working for a successful businessperson.
• C) Postpone consulting with an accountant or lawyer until you can afford their services.
• D) Jump in quickly, before the market conditions change and opportunities are lost.

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Definitions:

Industrial-Organizational Psychology

The branch of psychology that applies psychological theories and principles to organizations, focusing on individual and group behavior in the workplace.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, including social and non-social contexts.

Work Affected

Referring to the impact that work has on an individual's emotions, health, or overall well-being.

Job Analysis

Job analysis is the process of examining and documenting the responsibilities, requirements, and conditions of a job, often used by human resources to match candidates with job roles and define job expectations.