Timothy is the 60-year-old founder of a publishing company that has over $2 million in annual gross sales. Is he eligible to have a mentor through the Entrepreneurs Organization?
A) Yes, because his company makes more than $1 million annually.
B) Yes, because there are no specific requirements for mentoring.
C) No, because he is over 50 years old.
D) No, because his company can no longer be considered a start-up.
E) No, because his company is not currently a viable operation.
C
Explanation: C) To qualify for mentoring through the Entrepreneurs Organization, a business must make a minimum of $1 million in annual gross sales and the owner must be younger than 50 years old. Timothy's business meets the gross sales requirement, but he is ineligible because of his age. Although Timothy's company may no longer be considered a start-up, the mentoring program sets no requirements based on stage of the business.
You might also like to view...
Which of the following is not an important component of an inspection report?
A. Compare the house is conditioned against similar properties B. Projected future budget for repair or remodeling work C. Provide an estimated valuation for the property D. Summarize areas that need or will need repairs
Individual retirement arrangements (IRAs) are personal savings accounts that give you tax advantages for saving for retirement
Indicate whether this statement is true or false.