Ginger Likes to Set Her Own Goals, Which Have an Intermediate

question 28

Multiple Choice

Ginger likes to set her own goals, which have an intermediate level of difficulty. Which of the entrepreneurial characteristics does she probably possess?

• A) A high need for achievement
• B) A high need for power
• C) An external locus of control
• D) An inability to deal with uncertainty
• E) Intolerance for ambiguity

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Definitions:

Legally Insolvent

The condition of being unable to pay debts as they fall due or having liabilities that exceed the value of assets.

Fiduciary Duty

A legal obligation to act in the best interest of another party, usually in a financial context.

Operation of Law

Changes in rights or obligations that occur automatically due to established legal rules, without the need for action or agreement by individuals.

Goodwill Compensation

Financial compensation for intangible assets such as brand reputation, customer loyalty, and other non-physical assets that contribute to a business's value.