126If They Form a Corporation and Pat Smith Gets into an Accident

question 117

True/False

126If they form a corporation and Pat Smith gets into an accident with the
company's van and the van is not insured, George Johnson could be held
personally liable for any damages resulting from the accident.

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Definitions:

Socialized Power Orientation

A leadership approach focused on using power for the benefit of others rather than for personal gain.

Exploit

To make use of a resource, situation, or piece of information to gain an advantage or achieve a goal.

Ethical Dilemmas

Situations in which a person must choose between competing moral principles or values, often leading to ethical reflection and decision-making.

Risky Strategy

A plan of action that involves a high degree of uncertainty and potential for negative outcomes, often with the possibility of significant rewards.