According to the Textbook, Which Is the Proper Sequence of Events

question 54

Multiple Choice

According to the textbook, which is the proper sequence of events in developing successful business ideas?

• A) opportunity recognition, feasibility analysis, development of a business plan
• B) feasibility analysis, opportunity recognition, development of a business plan
• C) development of a business plan, opportunity recognition, feasibility analysis
• D) feasibility analysis, development of a business plan, opportunity recognition
• E) development of a business plan, feasibility analysis, opportunity recognition

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Definitions:

Chief Financial Officer

is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.

Information Power

The ability to influence others based on the possession, control, or access to data and information that is perceived as valuable.

Mid-Level Managers

Individuals within an organization who manage the efforts of other managers and possibly some non-managerial employees, positioned between the executive and the frontline staff.

Technical Aspects

Refers to the specific, specialized elements or characteristics related to a particular field or activity.