Which of the Following Is Not an Important Aspect of an Entrepreneurial

question 22

Multiple Choice

Which of the following is not an important aspect of an entrepreneurial venture?

• A) current status
• B) expected needs
• C) family support
• D) marketing

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Definitions:

Current Law

The body of law that is in effect at the present time, governing contemporary legal issues and society.

Member-managed LLC

A limited liability company governed by its members rather than designated managers, with members actively involved in decision-making.

Articles of Organization

The legal document filed with a government body to formally establish a limited liability company (LLC).

Statutory Agent

An individual who is designated to receive service of process when a lawsuit is filed against a corporation or an LLC.