Which of the Following Is an Advantage of Starting a Business

question 30

Multiple Choice

Which of the following is an advantage of starting a business from scratch?

• A)One does not have to deal with the prior owner's bad decisions and mistakes.
• B)The concept, organizational structure, and operating practices are already in place.
• C)Relationships with customers, suppliers, and other stakeholders are established.
• D)Getting financing and credit is less challenging as investors are previously known.

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Definitions:

Narcissism

A personality trait marked by an inflated sense of one's own importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Gambling

Wagering money or something of value on an event with an uncertain outcome, with the intent of winning additional money or goods.

Cheating

Acting dishonestly or unfairly in order to gain an advantage, especially in academic settings or personal relationships.

Secure Self-esteem

A form of self-esteem characterized by a positive, yet realistic view of oneself, resilience to criticism, and stability across different situations.