Question

The following is a scenario about starting a business.

Aman is a recent graduate with a bachelor's degree in computer science. He is passionate about starting a software development company specializing in creating innovative mobile applications or apps. He has identified a prime location for his office and has connections from his university of talented programmers and developers willing to join his venture. However, he faces a critical challenge as he doesn't have the necessary funds to initiate operations. He has a compelling business plan and a functional, minimal viable product. Aman approaches one of his college professors for advice. The professor arranges an appointment with a colleague who is a successful entrepreneur and is interested in investing in new technology products. Aman gives his pitch to the entrepreneur and is provided the money he needs to start his mobile app company.

This question has two parts. First, answer Part A, and then answer Part B.

Part A

Which of the following factors or production did Aman struggle with securing?

Select {responseValue}
land

Select {responseValue}
labor

Select {responseValue}
capital

Select {responseValue}
technology

Part B

Which part of the excerpt is evidence for the correct answer to Part A?

Select {responseValue}
"He is passionate about starting a software development company..."

Select {responseValue}
"He has identified a prime location for his office..."

Select {responseValue}
"compelling business plan and a functional, minimal viable product."

Select {responseValue}
"...provided the money he needs to start his mobile app company."

Answer 1

Part A: capital

Part B: "...provided the money he needs to start his mobile app company."