Which of the Following Statements Is Not True Regarding the Attributes

question 1

Multiple Choice

Which of the following statements is not true regarding the attributes of the founder or founders of a firm?

• A) Evidence suggests that important entrepreneurial skills are enhanced through higher education.
• B) Founders with prior entrepreneurial experience are more likely to avoid costly mistakes.
• C) Founders with experience in the same industry as their new ventures will typically have "blinders" on and are typically not as effective as founders new to the industry.
• D) Founders with broad social and professional networks have an advantage.
• E) New ventures that are started by a team rather than an individual have an advantage.

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Definitions:

Prospect Theory

A behavioral economic theory that describes how people choose among probabilistic alternatives and assess the risk of loss differently from the potential for gains.

Pricing

The strategy and methodology of determining the selling price of a product or service, taking into account factors like cost, demand, and competition.

Packaging

entails the process and materials used to enclose or protect products for distribution, storage, sale, and use, often playing a key role in marketing.

Production Costs

The total expenses incurred in manufacturing a product or providing a service, including materials, labor, and overhead.