An Overall Idea for How to Convert a Business Idea

question 141

Multiple Choice

An overall idea for how to convert a business idea into a success is called ______.

• A) vision
• B) creativity
• C) internal locus of control
• D) tolerance for ambiguity

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Definitions:

Express Condition

A clearly stated, specific condition in a contract that must be met for the performance of the contract to be required or for a party to fulfill its obligations.

Implied Condition

A legal term referring to a term or condition not expressly stated in a contract but assumed to be included by necessity or by the nature of the agreement.

Materially Breach

A significant failure to perform one's duties under a contract that results in harm to the other party and provides grounds for termination of the agreement.

Total Breach

A significant failure to fulfill a core obligation of a contract, allowing the other party to terminate the agreement and seek damages.