According to the Material in the "Spotlight on Small Business

question 23

Multiple Choice

According to the material in the "Spotlight on Small Business" box in Chapter 12, a relatively recent trend is for many to join unions.

• A)nurses and doctors
• B) minor league baseball players
• C) bank tellers
• D)teachers

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Definitions:

Gross Negligence

A severe lack of care or concern for the safety or lives of others, significantly deviating from the behavior expected of a reasonable person under similar circumstances.

Fraudulent Misrepresentation

The act of intentionally deceiving another party with false information to induce them into a contract.

Bilateral Mistake

An error mutually made by two parties in a contract, potentially rendering the agreement invalid.

Material Fact

Any fact that is significant or essential to the matter at hand, which, if omitted or misrepresented, could influence a decision or outcome.