Using His Own Money and Resources, Leo-Who Had Recently Been

question 64

Multiple Choice

Using his own money and resources, Leo-who had recently been laid off from his job-started a new business based on the innovative ideas that he himself had generated. This is an example of a(n)

• A)entrepreneurship.
• B)joint venture.
• C)business incubation.
• D)diversification strategy.
• E)bootlegging venture.

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Definitions:

Circular Model

A communication model that emphasizes feedback, indicating that communication is a continuous and dynamic process.

Transaction Model

A communication framework that considers the dynamic and reciprocal exchange of messages between sender and receiver, including the context and potential for feedback.

Formal Communication

Structured exchange of information that follows established protocols or rules within an organization.

Informal Networks

The unofficial and interpersonal connections and pathways through which information and influence flow within an organization.