According to the Timmons Model,which of the Following Is True

question 30

Multiple Choice

According to the Timmons Model,which of the following is true of resources as a key element in an entrepreneurial process?

• A) An entrepreneur should stay away from bootstrapping,especially with new ventures.
• B) An entrepreneur must understand that having too much money early on in the venture is the biggest factor that contributes to its success.
• C) An entrepreneur must avoid doing more with fewer resources as it is detrimental to a company's competitive advantage.
• D) An entrepreneur must strive to minimize and control resources,but not necessarily own them.

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Definitions:

Police Patrolman

A police officer, typically one who patrols a specific geographical area to deter and detect crime as well as enforce laws.

Wrongful Termination

Wrongful Termination is a legal term referring to an employee being fired or laid off from their job for illegal reasons, such as discrimination or without following the proper company protocol.

Prima Facie Case

In legal proceedings, a case that is sufficiently established by evidence and merits further investigation or trial unless contradicted by evidence.

Public Policy

Guidelines and policies adopted by a governing body that reflect the social and economic priorities of the community.