A ________ Exists When the Incorporators Fail in Some Material

question 54

Multiple Choice

A ________ exists when the incorporators fail in some material respect to comply with all the mandatory provisions of the incorporation statute yet comply with most mandatory provisions.

• A)de facto corporation
• B)corporation by estoppel
• C)de jure corporation
• D)false corporation

Recognize the importance of willingness to take risks in entrepreneurship.

Identify the key factors that motivate individuals to start their own business.

Distinguish between managerial knowledge and entrepreneurial spirit.

Evaluate the role of research in starting a business in a new country.

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Definitions:

Cognitive Substitution

The replacement or supplementation of a missing cognitive function through the use of an alternative cognitive strategy or external aid.

Physical Maturation

The process of physical growth and development of the body, reaching full biological adulthood and sexual development.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

Genetic Predisposition

The increased likelihood of developing a particular disease or trait based on a person's genetic makeup.