Which of the Following Is a Disadvantage of a Start-Up

question 93

Multiple Choice

Which of the following is a disadvantage of a start-up?

• A)It begins with a clean slate
• B)Absence of "legacy" locations,buildings,and equipment
• C)Absence of initial name recognition
• D)Providing new products or services

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Definitions:

Commercially Reasonable

Actions that a prudent individual or entity would take in a commercial context, considering the circumstances reasonably expected in such a situation.

Notice Of Dishonor

A formal notification that a negotiable instrument, such as a check or draft, has been presented for payment and has been dishonored due to insufficient funds or other reasons.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, negotiable instruments, and secured transactions.

Collecting Bank

A bank that handles the presentation of payment documents, such as checks, for a depositor.