According to a Study by the National Federation of Independent

question 65

Multiple Choice

According to a study by the National Federation of Independent Business,the most common source of new product ideas for small business startups is

• A)prior work experience.
• B)personal interests and hobbies.
• C)a chance happening.
• D)existing records of a business.

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Definitions:

Corporate Resolutions

Formal decisions or actions taken by the board of directors of a corporation during a meeting.

Board of Directors

A group of individuals elected by the shareholders to oversee the activities and governance of a corporation.

Corporate Powers

Legal authorities and capacities granted to a corporation by law, including entering into contracts, owning assets, and issuing stock.

Businessperson

An individual actively involved in the business world, especially in activities related to operating, managing, or investing in businesses.