All of the Following Are Advantages of a Start-Up EXCEPT

question 22

Multiple Choice

All of the following are advantages of a start-up EXCEPT

• A)the use of the most up-to-date technologies.
• B)the access to revolving credit line.
• C)it can be kept small deliberately to limit the magnitude of possible losses.
• D)it has a clean slate.

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Definitions:

Codification

The process of collecting and restating the law of a jurisdiction in certain areas, usually by subject, forming a legal code.

Corporation Law

The body of laws, rules, and regulations that govern the formation, operation, and dissolution of corporations.

Limited Partner

An investor in a partnership who has limited liability to the extent of their investment in the partnership and does not participate in day-to-day management.

Bankruptcy Loss

Financial losses incurred due to the declaration of bankruptcy, affecting creditors, investors, and the bankrupt entity itself.