Sarah has always been interested in starting her own business. She recently came upon what she thinks is a great new product idea for a start-up business, but she is unsure how to proceed. What should she donow to increase the chance that her new business will actually become a reality?Select the correct response:O decide what form of ownership her new business should adoptdetermine what sorts of government funding is available for her start-upO test her idea by talking about it with potential stakeholders and by conducting a pilot test of the new product's appeal to potential customersO both a and bO none of the above Which of the following is true with regard to family businesses?Select the correct response:nepotism is generally not an issue in family businessesO family businesses are generally better run than non-family businesses because the family members know each other and therefore have better working relationshipsfamily businesses will generally have higher agency costs than non-family businessesO family members may be willing to make sacrifices for the firm in order to safeguard the future of their family businessall of the above

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Answered: Sarah has always been interested in…

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter16: Mastering Financial Management

Section16.6C: Venture Capital, Angel Investors, And Private Placements

Problem 3CC

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