Conducting a Thorough Due Diligence Should Always Be Accomplished If

question 22

True/False

Conducting a thorough due diligence should always be accomplished if purchasing an existing company or franchise, but is unnecessary if acquiring a sole proprietorship.

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Definitions:

Learned Helplessness

A situation where someone feels unable to control their life, due to a traumatic incident or repeated failures.

Contingency Blocking

A phenomenon in classical conditioning where a previously learned association prevents the acquisition of a new association because the first stimulus is a better predictor of the outcome.

Response Generalization

The process by which a conditioned response is made in reaction to stimuli that are similar to the original conditioned stimulus.

Learned Helplessness

Learned helplessness is a condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to a belief that one's actions have no effect on the outcome.