Which of the Following Statements Is True of a Venture

question 4

Multiple Choice

Which of the following statements is true of a venture team?

• A) It is a cross-functional team responsible for all the tasks involved in the development of a new product.
• B) It is a team that is only responsible for processing the venture capital for a business idea of a firm's new product.
• C) It is a cross-functional team that manages and monitors the existing products of a firm.
• D) It is a team whose primary duty involves conducting product audits to identify sick products and delete them.

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Definitions:

Consumer Product Safety Act

Legislation designed to protect consumers from products that pose a fire, electrical, chemical, or mechanical hazard or can injure consumers.

Hazardous Products Act

Legislation that regulates the sale, importation, and advertising of products that pose risks to health and safety, ensuring consumer protection and hazard disclosure.

Hazardous Products Act

Legislation designed to protect the public and the environment from products that pose a risk due to their chemical or physical properties.

Jelly Candies

Sweet, chewable treats made from sugar, gelatin, and flavors, often shaped into various forms.