At What Stage of Starting and Running Your Business Should

question 3

Multiple Choice

At what stage of starting and running your business should you inform investors of your exit strategy?

• A) In the business plan
• B) In your first annual report
• C) Shortly before selling
• D) Midway through your planned number of years in business
• E) Never

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Definitions:

Reinforcement

In operant conditioning, a consequence applied to increase the likelihood of a behavior occurring again.

Punishment

A consequence imposed on an individual for a perceived wrongdoing, intended to correct or deter undesirable behavior.

Social Learning Theorists

Scholars who study and explain how individuals learn behaviors, attitudes, and expectations by observing and modeling others in society.

Modeling

A process of learning behaviors by observing and imitating others.