Under the Finding Approach to Opportunities, Your Role as an Entrepreneur

question 85

True/False

Under the finding approach to opportunities, your role as an entrepreneur is to take action and see how the market responds, recognize patterns, and learn from iteration to define the opportunity as it evolves.

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Definitions:

Shareholder

An individual or entity that owns one or more shares of stock in a corporation, making them a partial owner of the company.

Negligent Acts

Conduct that falls below the standards of behavior established by law for the protection of others against unreasonable risk of harm.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with certain tasks, typically related to financial management or care.

Corporation

A corporation is a legal entity that is separate and distinct from its owners, providing limited liability to its shareholders, and possessing the ability to own property, enter contracts, and sue or be sued.