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:

Incentive Pay

A form of compensation designed to reward employees for their performance and productivity, often linked to specific performance targets.

Predefined Behaviors

Specific actions or reactions that are established in advance to guide responses in particular situations or under certain conditions.

Standard Hour Plan

An incentive plan that pays workers extra for work done in less than a preset "standard time."