Researchers Have Described a "Fully Developed New Firm" with a Number

question 17

Multiple Choice

Researchers have described a "fully developed new firm" with a number of characteristics, including:

• A) full-time commitment
• B) formal financial support
• C) minimal hiring
• D) a and b both apply

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Definitions:

Inventories

Stocks of goods and materials that businesses maintain to meet customer demand without delays.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and notes receivable.

Local Governments

Entities responsible for governing areas smaller than a state or province, often focusing on municipal or regional issues.

Federal Government

The national government of a federal country, which shares sovereignty with the subnational governments (states, provinces, etc.).