In Developing a New Method of Farming Abalone,principally for the Asian

question 86

Multiple Choice

In developing a new method of farming abalone,principally for the Asian market,Steve Cooper's innovation depicts him as an ____________.

• A) introvert
• B) innovator
• C) entrepreneur
• D) intrapreneur
• E) extrapreneur

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Definitions:

Surety

Surety is a financial guarantee provided by a third party, promising to pay a debt or perform an obligation if the primary party fails to do so.

Electronic Chattel Paper

A digital form of chattel paper, which includes any record or evidence of an obligation and a security interest in specific goods.

Security Interest

A financial interest in a piece of property, granted to a creditor, ensuring claim to the property should the debtor default on their obligation.

Automatic Perfection

A legal condition in which a security interest in a collateral automatically becomes effective without the need for any further action, under certain conditions, once it attaches.