Innovation Is Possible in Small Business Because They ________

question 12

Multiple Choice

Innovation is possible in small business because they ________.

• A)employ highly intelligent,motivated people
• B)have the funds to turn new ideas into large-scale,profitable ventures
• C)work harder
• D)provide fertile ground for new ideas

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Definitions:

Time Limit

A specific duration within which an action must be initiated or completed.

Mailbox Rule

A legal principle that an offer is considered accepted once the acceptance is dispatched, not when it is received by the offeror.

Verbal Acceptance

An agreement to the terms of an offer conveyed through spoken words rather than written.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise when the promisee has relied on it to their detriment.