Which of the following statements is untrue regarding founding teams?
A) The members of heterogeneous teams are diverse in terms of their abilities and experiences.
B) The members of homogenous teams are very similar in terms of their abilities and experiences.
C) Teams that have worked together before have an edge.
D) Studies show that more than one individual starts 50 to 70 percent of all new firms.
E) It is generally believed that new ventures started by an individual have an advantage over new ventures started by a team.

Question

Quizplus · Accepted Answer

This statement is not entirely true. While it is generally believed that new ventures started by individual entrepreneurs have an advantage in terms of decision-making and speed, there are also advantages in having a team with diverse perspectives and complementary skills. The other statements (A, B, C, and D) are generally true regarding founding teams.

Which of the Following Statements Is Untrue Regarding Founding Teams