Identifying Accurately the Resources Required to Start a Business Venture

question 43

Multiple Choice

Identifying accurately the resources required to start a business venture, including all the activities and processes in the business, is best accomplished by

• A) c onstructing a business process map.
• B) creating a timeline.
• C) defining a launch strategy .
• D) positioning a venture in the value chain.
• E) making financial assumptions.

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Definitions:

Voting Stock

Shares that give the holder the right to vote on company matters, such as electing the board of directors.

Contingent Payment

A payment that is not guaranteed but depends on the occurrence of a certain event or condition in the future.

Cash Flows

The complete sum of funds moving into and out of an enterprise, predominantly affecting its ability to cover short-term obligations.