Because Early-Stage Financing Is Almost Always a Problem for Those

question 252

Multiple Choice

Because early-stage financing is almost always a problem for those starting a new business, ________ is a way to gather an online community of supporters to financially rally around a specific project that is unlikely to get resources from traditional sources.

• A) crowdfunding
• B) open sourcing
• C) venture capital
• D) online banking
• E) crowdsourcing

Understand the limitations and exclusions of certain contractual remedies, including the unavailability of punitive damages in most breach of contract cases.

Recognize how liquidated damage clauses are interpreted and enforced in contractual agreements.

Understand the principles of contract avoidance due to misrepresentation or fraud and its consequences.

Identify the scenarios where restitution as a remedy is applicable.

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Definitions:

Tradable Permits

A system where rights to emit pollution or other substances are given a market value and can be bought and sold.

Environmental Protection Agency

A U.S. federal agency responsible for creating and enforcing regulations to protect the environment and public health from pollution and hazardous substances.

Clean Air

The condition of the atmosphere when it is free from pollutants, contaminants, and other harmful substances.

Network Externality

The effect that an additional user of a good or service has on the value of that product to others, often increasing the utility as more people use it.