Choose the Activity That Is Not One That Entrepreneurs Engage

question 102

Multiple Choice

Choose the activity that is not one that entrepreneurs engage in.

• A)Choose the right insurance agency.
• B)Assess the potential for the new venture.
• C)Plan the venture.
• D)Deal with start- up issues.

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Definitions:

Implied Ratification

The acceptance or approval of a previously unauthorized act by behaving in a manner that acknowledges the act as authorized.

Express Ratification

Formal approval or confirmation of an act or agreement, usually explicitly and often in writing, making it officially valid.

Misrepresentation

The act of giving a false or misleading statement about a material fact, often leading to a breach of contract.

Disaffirm

To legally reject or void a previously agreed upon contract or agreement, especially by minors.