According to the textbook, the single most important thing the founders of an entrepreneurial venture can do is:
A) start a board of advisors
B) establish business partnerships
C) make money
D) select a limited liability corporate opposed to an S-corporation
E) establish a strong ethical culture for their firms

Question

Quizplus · Accepted Answer

Establishing a strong ethical culture is vital for the success and sustainability of an entrepreneurial venture. It helps in attracting and retaining employees, building a good reputation, gaining customer loyalty, and avoiding legal and financial penalties. Making money, starting a board of advisors, establishing business partnerships, and selecting a limited liability corporate structure are important, but they are not as critical as building an ethical culture.

According to the Textbook, the Single Most Important Thing the Founders