Use the Fact Situation in Q5 to Answer the Related

question 21

Multiple Choice

Use the fact situation in Q5 to answer the related question that follows. In the fact situation above,assume that instead of being told about the franchises at the barbecue,Edmund told this to Jane during a meeting with her in her office at the company.In this case,the lawsuit

• A)would succeed because Jane was acting in her capacity as director of the company.
• B)would not succeed because Jane was not acting in her capacity as a director of the company.
• C)would not succeed because it was a friendly meeting.
• D)would succeed because Jane was unjustly enriched at the expense of the company.
• E)would not succeed because Jane had used due diligence.

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Definitions:

Timmons Model

A framework for understanding and planning new business ventures that balances opportunity, resources, and team.

Market Demand

The total quantity of a product or service that consumers are willing and able to purchase at various price levels.

Demographic Profile

A statistical analysis of the characteristics of a specific population, including age, race, gender, income, and education.

Nonuser Profiles

Analysis or descriptions of the characteristics of individuals or entities that do not use a particular product, service, or platform, used to understand market gaps or barriers to entry.