Using Whatever Resources You Have to Save Money While You

question 94

Multiple Choice

Using whatever resources you have to save money while you are getting your business started is referred to as which of the following?

• A)seed money
• B)guerilla startup
• C)penny pinching
• D)skeletal startup

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Definitions:

Long-Range Plans

Strategic plans that outline goals and objectives for a long-term period, usually extending several years into the future.

Contingency Theories

A group of leadership theories that propose the effectiveness of leadership depends on the context or situation in which it occurs.

Conceptual Weaknesses

Refers to the gaps or flaws in the understanding or formulation of concepts, affecting problem-solving or decision-making.

Practical Utility

The usefulness or applicability of a concept, tool, or process in real-world situations.