Which of the following best explains why flexibility is an important quality that Christina needs for success?
A) It takes a certain amount of money to start a business.
B) It often helps to have a business partner in a new business.
C) Starting a new business requires a great deal of planning.
D) Starting and running a new business involve many unpredictable factors.
E) An entrepreneur must be extremely competent in business skills.
Answer: D
Explanation: D) Starting a new business requires planning but also the ability to adjust to the inevitable eventualities in which things do not go according to plan and to improvise so that goals can still be reached. Flexibility does not directly relate to acquiring startup money or to having a business partner or business skills.
You might also like to view...
The primary purpose of a listing agreement is to:
A. give the broker permission to sell all the principal's properties B. list all improvements and amenities of the property C. serve as a contract of employment between the owner and the broker D. serve as a guide for a sales contract
In the income approach to value which of the following steps would an appraiser use last?
A. Divide the annual net income by the appropriate capitalization rate. B. Estimate the potential annual gross income. C. Determine the effective gross income by deducting vacancies and collection losses. D. Determine the annual net income by deducting annual operating expenses.