Entrepreneurs Will Always Be

question 58

Multiple Choice

Entrepreneurs will always be

• A)a key factor in the stability of the small-business sector.
• B)hindered by lack of funding.
• C)the major source of job creation and innovation in any economy.
• D)a little quirky.

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Definitions:

Sale of Goods

A commercial transaction involving the transfer of ownership of tangible personal property from a seller to a buyer for a price.

Disaffirm

The legal act of renouncing or repudiating a contract or agreement, particularly in cases where one party lacks the capacity to enter into the contract.

Contract of Purchase

A legal document outlining terms and conditions under which goods or services are sold by a seller to a buyer.

Ratification

The formal approval of an agreement or treaty by signing or giving formal consent, making it officially valid.