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Which Variation of New Venture Teams Is Described as a Small

question 55

Multiple Choice

Which variation of new venture teams is described as a small separate, informal, highly autonomous, and often selective group that focuses on breakthrough ideas for the business?


Definitions:

General Partners

Individuals in a partnership who are responsible for the management of the partnership, have unlimited liability for its debts, and share the partnership's profits.

Limited Partners

Part-owners of a partnership who have limited liability to the debts of the partnership and do not participate in day-to-day management.

Personal Liability

The legal responsibility of an individual to satisfy debts or obligations from their own assets.

Debts

Money owed by one party, the debtor, to another, the creditor; an obligation to pay or render something of value.

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