During the Second Step of the Planning and Organizing Phase

question 79

Multiple Choice

During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

• A) states a mission
• B) selects a legal business organization form
• C) creates a business plan
• D) selects an organizational design

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Definitions:

Decay Theory

A theory suggesting that memory fades and disappears over time if it is not accessed and used.

Forgetting

The loss or decline of memory over time, which can occur for various reasons including decay, interference, and retrieval failure.

Recorded Over

The process of recording new information or data on top of previously stored information, typically used in the context of audio or video media.

Similar Items

Objects or concepts that share common features or characteristics, making them alike in some way.