If a Business Involves High Risk, a Single Factor Such

question 40

Multiple Choice

If a business involves high risk, a single factor such as _____ will be so important as to outweigh other factors.

• A) limited liability
• B) taxation
• C) formalities
• D) financing

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Definitions:

Start-Up Process Model

A framework outlining the stages and steps involved in launching a new business, from the initial idea to market entry.

Small Business Manager

An individual responsible for overseeing the operations and ensuring the success of a small business.

Entrepreneur

An individual who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

Entrepreneurs

Entrepreneurs are individuals who start and manage their own businesses, taking on financial risks with the aim of making profits, driving innovation, and implementing new ideas in the marketplace.