Kathy Denver is preparing to launch a home security firm. The team of people that will launch Kathy's firm are as follows: Kathy (CEO), Trevor (VP-Finance), Shelia (VP-Sales), a four-person Board of Directors, a five-person Board of Advisors, and Kathy's primary investor, who will assume an advisory role. The group of people that will launch Kathy's firm is called its ________.
A) startup squad
B) new venture panel
C) new venture team
D) startup cadre
E) startup troop

Question

Quizplus · Accepted Answer

The group of people that will launch Kathy's firm is referred to as its new venture team. This term is commonly used to describe the group of individuals who are responsible for starting a new business and guiding it through its initial stages of development. While the other answer choices may be suitable for describing a group of people involved in a startup, "new venture team" is the most accurate and commonly used term.

Kathy Denver Is Preparing to Launch a Home Security Firm