What will the amount and type of assets required for a new venture depend on?
A) financial forecasts
B) nature of the business
C) investment available
D) owner's previous experience

Question

Quizplus · Accepted Answer

The amount and type of assets required for a new venture will depend on the nature of the business. The assets required for a service-oriented business will differ from those required for a manufacturing business. Therefore, option B is the correct answer. Financial forecasts, investment available, and owner's previous experience may influence the funding and management of the business, but they do not determine the amount and type of assets needed.

What Will the Amount and Type of Assets Required for a New