A Venture Team

question 8

Multiple Choice

A venture team:

• A) may increase commitment, but stifles creativity.
• B) is often given a separate location and facilities.
• C) is like a large company within a small company.
• D) is most often found in a mechanistic organization.

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Definitions:

Merchantability

A warranty that goods sold will meet reasonable expectations of quality and functionality as implied in a sale.

Implied Warranty of Merchantability

A legal presumption that goods sold by a merchant are fit for the general purpose for which they are sold and meet the standards of quality and performance that are reasonable to expect.

Disclaimer

A statement that denies responsibility or affiliation with information, products, or services.

Express Warranty

A legal term referring to a formal, written guarantee by a seller to a buyer that a product or service meets certain specifications.