During the fourth and final 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

C) The first step of the planning and organizing phase of the entrepreneurial process involves identifying a mission for the organization. The second step involves creating a carefully thought out business plan that details how the organization will operate and who will be involved in its operation. 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, making "selecting an organizational design" the correct response.

During the Fourth and Final Step of the Planning and Organizing