Which of the Following Statements About the Key Considerations for Part-Time

question 22

Multiple Choice

Which of the following statements about the key considerations for part-time small business start-ups is false?

• A)You want a low cost of start-up,since you probably will not have a lot of money to invest.
• B)The more time and energy you spend preparing for a small-scale part-time business,the shorter it takes to make a profit.
• C)In most cases,the cost to start-up and the time to market are closely related.
• D)The fundamental idea of permanence is that customers want to know if the firm is likely to be around for awhile,to provide customer service and future sales.

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Definitions:

External Parties

Individuals or entities outside of a company's internal operations, such as investors, creditors, regulators, and customers, interested in its financial information.

Current Liabilities

Obligations or debts a company is expected to pay within the next year.

Contributed Capital

The total value of money and other resources that shareholders have contributed to the company in exchange for shares of stock.

Faithful Representation

Requires that the information be complete, neutral, and free from error.