Which of the Following Is the Most Important Resource for a Start-Up

question 91

Multiple Choice

Which of the following is the most important resource for a start-up activity?

• A) social recognition
• B) land
• C) personnel
• D) money

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Definitions:

Noncash Assets

Assets that cannot be easily converted into cash, such as machinery, buildings, and inventory.

Capital Balances

The amount of money contributed to a company by its owners or shareholders plus retained earnings.

Liquidation

The process of winding up a company's operations, selling off its assets to pay creditors and distributing any remaining assets to its shareholders.

Partnership

A lawfully organized business effort where partners distribute management tasks and the earnings.