Entrepreneurs Who Play Too Close to the Edge of Legality

question 7

Multiple Choice

Entrepreneurs who play too close to the edge of legality are in danger of ____.

• A)pushing the limits of the law
• B)running into conflicts of interest
• C)using survival tactics
• D)peer pressure
• E)None of these choices

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Definitions:

Base Rate Information

Statistical data that represents the general probability of an event or characteristic within a population.

False Consensus

The belief that one's own opinions, beliefs, or behaviors are more common in the general population than they actually are.

External Attribution

The method of assigning the reason for one's own or other people's actions to external elements or circumstances.

Illusory Correlation

The tendency to perceive a connection between variables, typically events or behaviors, where no such relationship exists.