Which of the Following Statements Is Not True Regarding the Attributes

question 33

Multiple Choice

Which of the following statements is not true regarding the attributes of the founder(s) of a firm?

• A) Evidence suggests that important entrepreneurial skills are enhanced through higher education.
• B) Founders with prior entrepreneurial experience are more likely to avoid costly mistakes.
• C) Founders with experience in the same industry as their new ventures will typically have "blinders" on and are typically not as effective as founders new to the industry.
• D) Founders with broad social and professional networks have an advantage.
• E) New ventures that are started by a team rather than an individual have an advantage.

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Definitions:

Probate

The judicial process in which a will is proven in a court of law to be valid or invalid, and the legal process of administering the estate of a deceased person.

Bailment Contract

An agreement where personal property is transferred from the bailor to the bailee for a specific purpose, with the expectation of return.

Bailee Liability

refers to the legal responsibility of a bailee (a person or entity who temporarily holds property belonging to another) to take reasonable care of the goods in their custody.

Abandoned Property

Abandoned property refers to assets or possessions left by an owner who has intentionally relinquished all rights to its control and ownership.