Which of the Following Statements Is Untrue Regarding Founding Teams

question 64

Multiple Choice

Which of the following statements is untrue regarding founding teams?

• A) The members of heterogeneous teams are diverse in terms of their abilities and experiences.
• B) The members of homogenous teams are very similar in terms of their abilities and experiences.
• C) Teams that have worked together before have an edge.
• D) Studies show that more than one individual starts 50 to 70 percent of all new firms.
• E) It is generally believed that new ventures started by an individual have an advantage over new ventures started by a team.

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Definitions:

Nondisclosure

An agreement or clause that prohibits the sharing of confidential information.

Material Fact

Information that is significant enough to influence a decision or the outcome of a legal case or transaction.

Unilateral Mistake

The result of an error by one party about a material fact, that is, one that is important in the context of a particular contract.

Genuine Assent

An agreement to enter into a contract that is not clouded by factors such as fraud, duress, or mistake, indicating true and voluntary agreement.