An Entrepreneurial Venture That Sees Its Competitive Advantage in Cost

question 101

True/False

An entrepreneurial venture that sees its competitive advantage in cost efficiency would tend to adopt an organic style organizational structure.

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Definitions:

Increased Risk Test

The increased risk test is a legal principle used to determine liability in negligence cases, examining whether the defendant's actions significantly elevated the risk of harm to the plaintiff.

Workers' Compensation

An insurance type that offers medical benefits and substitutes for lost wages to workers hurt while performing job duties.

Nature of Employment

The essential characteristics and terms of a job, including duties, working conditions, and the employment agreement.

Workers' Compensation Carrier

A specialized insurance provider that offers workers' compensation insurance to employers, covering workplace injury or illness.