During the first step of the planning and organizing phase of an entrepreneurial venture, this is accomplished.
A) selecting a legal business organization form
B) stating a mission
C) selecting an organizational design
D) creating a business plan

Question

Quizplus · Accepted Answer

B) Once the pre-planning phase of developing an entrepreneurial venture is complete, the planning and organizing phase of the project begins. The first step of this process involves identifying a mission for the organization, making "stating a mission" the correct response. The second step involves creating a business plan for the organization. The third step requires the entrepreneur to select an official legal form for the organization to manage tax and liability issues. The final step in the process involves creating an organizational design for the venture that outlines how work will be carried out.

During the First Step of the Planning and Organizing Phase