Which Would Usually Not Be an Entrepreneurial Function

question 106

Multiple Choice

Which would usually not be an entrepreneurial function?

• A) introducing a new product in a business
• B) assuming uninsurable risks of owning a business
• C) combining and directing resources in an uncertain business environment
• D) managing the accounting department of a Fortune 500 corporation

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Definitions:

Mutual Mistake

A legal concept where all parties involved have a mistaken understanding regarding a basic assumption on which a contract is based, potentially making the contract voidable.

Basic Assumption

A fundamental, often implicit, belief that shapes the framework of individual or collective reasoning and actions.

Coercion

The act of compelling someone to act in a certain way by use of force or threats, often rendering any resulting agreement voidable.

Scienter

The knowledge or intent to deceive, manipulate, or defraud, used as a criterion to establish liability in fraud and securities litigation.