Jacob Has Built Up a Wide Network of Contacts, Clients

question 3

Multiple Choice

Jacob has built up a wide network of contacts, clients, and local business neighbors since moving to Central City five years ago. Throughout his home-based marketing career, he has regularly and frequently networked with these business associates online, by phone, and in person. As he considers leaving his marketing career to become an owner/manager of a local business, he will rely upon the ________ that he has developed with these individuals to ensure a successful transition to a new career.

• A) knowledge management
• B) competitive advantages
• C) social capital
• D) emotional intelligence
• E) figurehead skills

---

Definitions:

Electronic Record

Digital information that is recorded and stored in a form usable by a computer; it can include texts, images, data, or any other information in digital format.

Repossess

The process by which a lender takes back property from the borrower due to failure in making the agreed payments.

Suretyship Provision

A clause in a contract that involves a third party (surety) who agrees to fulfill the obligations of the debtor if the debtor fails to do so.

Statute of Frauds

A legal principle that requires certain types of contracts, such as those involving real estate or lasting over a year, to be in writing to be enforceable.