Which of the Following Is Not Prerequisite for Becoming a Successful

question 119

Multiple Choice

Which of the following is not prerequisite for becoming a successful entrepreneur?

• A) Passion
• B) Determination
• C) Knowledge
• D) Education

Differentiate between ethical and legal issues in a business context.

Comprehend the concept of social responsibility and its impact on society.

Recognize the types and consequences of unethical behavior in business.

Identify the role of legislation in promoting ethical business practices.

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Definitions:

Summary Jury Trial

An abbreviated trial that leads to a nonbinding jury verdict.

ADR Methods

Alternative Dispute Resolution methods, including mediation and arbitration, used to resolve conflicts outside of the traditional courtroom setting.

Arbitration Agreement

is a contract in which parties agree to resolve disputes outside of court, through an arbitration process.

Arbitration Agreement

A contract in which parties agree to settle a dispute outside of court through the process of arbitration, where an arbitrator's decision can be binding or non-binding.