When the Drive of the Entrepreneur Is No Longer Enough

question 56

Multiple Choice

When the drive of the entrepreneur is no longer enough to keep the Stage I company from floundering,this type of crisis is called

• A) a crisis of autonomy.
• B) a crisis of confidence.
• C) a crisis of clarity.
• D) a crisis of differentiation.
• E) a crisis of leadership.

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Definitions:

Agent

A party who has the authority to act on behalf of and bind another party.

Third-Party Beneficiary

A person who is not directly involved in a contract but is entitled to benefits from its performance by the contracting parties.

Gratuitous Agent

An agent who acts without being paid for his or her services.

Consideration

The bargained-for exchange; what each party gets in exchange for his or her promise under a contract.