A Management Team Is Often Stronger Than an Individual Entrepreneur

question 69

True/False

A management team is often stronger than an individual entrepreneur because it provides a diversity of skills and assurance of continuity.

---

Definitions:

Arbitration

A method of dispute resolution in which an impartial third party, the arbitrator, makes a decision to resolve a dispute.

Intergroup Contact

A theory positing that under certain conditions, direct contact between members of different social groups can reduce prejudice and intergroup tension.

Conciliation

A conflict resolution strategy that involves bringing disputing parties together to find a mutually acceptable solution to their issues.

Distinctiveness-Based Illusory Correlation

A cognitive bias where individuals overestimate the association between unique or distinctive events and specific outcomes.