A Common Rule of Thumb Is to Have Enough Cash

question 7

Multiple Choice

A common rule of thumb is to have enough cash saved cover at least ______ of basic personal living expenses before starting a business

• A) 4 Months
• B) 6 Months
• C) 9 Months
• D) 12 Months

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Definitions:

Describing

The act of providing a detailed account or explanation of the characteristics, features, or aspects of something.

Analytic Introspection

A psychological method where participants report detailed descriptions of their inner thoughts and feelings, used in early cognitive studies.

Observable Behavior

Observable and quantifiable behaviors or responses from a person.

Field Research

Field Research refers to the collection of raw data and evidence from outside the laboratory in its natural environment.