During the Second Step of the Planning and Organizing Phase

question 79

Multiple Choice

During the second step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.

• A) states a mission
• B) selects a legal business organization form
• C) creates a business plan
• D) selects an organizational design

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Definitions:

Positive Mood

A state of well-being and contentment that enhances one's outlook and cognitive functions.

Experientially

Relating to or derived from experience or the process of learning through direct experience.

Metaphor

A figure of speech in which a term or phrase is applied to something to which it is not literally applicable in order to suggest a resemblance.

Moral Values

Fundamental beliefs about what is right and wrong, which act as guiding principles for behavior and decision-making in personal and social contexts.