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.

Understand the dynamics and consequences of groupthink.

Recognize the concept of social facilitation.

Analyze how social loafing occurs and its effects on group performance.

Identify the influences of group behaviors on self-perception and self-evaluation.

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Definitions:

Express

Clearly and unmistakably communicated, directly stated, or specified.

Settlor

An individual or entity that creates a trust by legally transferring assets to a trustee for the benefit of beneficiaries.

Trust Created

The establishment of a fiduciary relationship where a trustee holds and manages assets on behalf of a beneficiary.

Constructive Trust

(1) An implied trust in which a party is named to hold the trust for its rightful owner. (2) An equitable trust imposed on someone who wrongfully obtains or holds legal right to property he or she should not possess.