During the Start-Up Phase of a Business,the Emphasis Is On

question 3

Multiple Choice

During the start-up phase of a business,the emphasis is on:

• A) finishing all outstanding projects,collecting all money due,disposing of all business assets,and finally paying off any outstanding debt.
• B) removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible.
• C) piggybacking with other successful firms.
• D) conserving what little cash the business has.

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Definitions:

Internalizing Social Norms

The process by which individuals adopt the behaviors, values, and attitudes deemed appropriate by their society or social groups as their own.

Rites of Passage

Ceremonies or rituals marking important transitions in a person’s life, such as birth, puberty, marriage, and death.

Life Course

An approach in sociology that looks at the social and structural influences on individuals' lives over time, recognizing the ways in which age, context, and historical events shape experiences.

Adult Socialization

The process through which adults learn and internalize the norms, values, and behaviors that are necessary for functioning in their society or specific groups.