Mary Owns and Operates an Internet Café, and All Evidence

question 96

Multiple Choice

Mary owns and operates an Internet café, and all evidence indicates that the business is growing faster than expected. She hires a consultant to discuss strategies to keep the business growing and to possible expand. Mary and the consultant need to examine her business and the three stages common to the life cycles of entrepreneurships, which are the

• A) birth stage, maturity state, and IPO stage.
• B) birth stage, breakthrough stage, and IPO stage.
• C) birth stage, maturity stage, and exiting stage.
• D) birth stage, breakthrough stage, and maturity stage.
• E) breakthrough stage, maturity stage, and IPO stage.

Identify and describe the foundational characteristics of virtual currency.

Differentiate between virtual and real currencies in terms of government backing and storage mechanisms.

Recognize the concept and implications of digital invoices in business transactions.

Understand the concept of secured transactions in online purchases.

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Definitions:

Home-Based Businesses

Enterprises that are operated from the owner's home, often utilizing online and digital tools for operations and marketing.

Capital Base

The amount of capital invested in a business by its owners plus any retained earnings, serving as the financial foundation for growth and operations.

Independent Contractor

A person who is not employed by a business and, unlike employees, is not eligible for a benefit package.

Customer Intimacy

Maintaining a long-term relationship with customers through superior service that results in a competitive advantage.