Which of the Following Statements Is Characteristic of Entrepreneurs

question 177

Multiple Choice

Which of the following statements is characteristic of entrepreneurs?

• A) They like certainty.
• B) They have the ability to visualize a clear path.
• C) They look at problems and see opportunities.
• D) They prefer to be inventive rather than worry about whether the invention solves a customer need.

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Definitions:

Principal

The main individual or group participating in an agreement or deal, or the initial sum of money put in or borrowed, prior to adding interest.

Agent's Torts

Refers to wrongful acts committed by an agent that result in legal liability for the principal under certain conditions.

Vicarious Liability

Legal responsibility assigned to one party for the actions of another, typically in employer-employee relationships.

Direct Liability

The legal responsibility that falls upon an individual or entity due to their own acts or omissions, without the need to involve the actions or negligence of another party.