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Scenario D

question 44

Multiple Choice

Scenario D. Ashok has begun the planning process for his entrepreneurial venture. He has completed an assessment of his vision to operate a full-service shuttle service for the elderly, for which he feels there is a strong market. He has a good understanding of the availability of his own resources and his personal traits to manage the business. Now he is prepared to start compiling functional plans for marketing, finance and human resources so that he can obtain the financing he will need to start. He is also contemplating how to develop the right reputation and create the proper networks to find employees and customers as well as get advice from fellow businesspeople.
-If,after the current assessment,Ashok still believes in the potential of the venture,he should now proceed with which step of the planning process?

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Definitions:

Taxable Income

The amount of income used to calculate how much the government requires an individual or business to pay in taxes, based on the tax bracket in which the taxpayer falls.

Defensive Medicine

The practice by healthcare providers of ordering tests, procedures, or visits, or avoiding high-risk patients or procedures, primarily to avoid malpractice liability rather than to benefit the patient.

Malpractice Suits

Legal actions against professionals for negligence or inadequate performance that results in harm to a client.

Unnecessary Testing

Refers to medical or diagnostic tests that are not required for the patient's care or are redundant, potentially leading to waste of resources.

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