Two Fatal Flaws Can Render a Business Model Untenable from the Beginning

question 72

Multiple Choice

Two fatal flaws can render a business model untenable from the beginning. These are:

• A) failure to complete a business plan and failure to get funding
• B) a complete misread of the customer and utterly unsound economics
• C) failure to copy the industry leader's business plan and a complete misread of the customer
• D) failure to complete a business plan and overemphasizing the importance of feasibility analysis
• E) overemphasizing the importance of feasibility analysis and utterly unsound economics

Examine international perspectives on electronic transactions and agency authority.

Understand the concepts of agency, principals, and the liability of principals for agents' actions.

Grasp the legal consequences of different types of principals (disclosed, partially disclosed, undisclosed).

Recognize the consequences of an agent's actions on the principal's liability, including in tort and contract scenarios.