Which of the Following Is an Example of an Activity

question 49

Multiple Choice

Which of the following is an example of an activity undertaken by an entrepreneur?

• A)choosing the color scheme for your renovated kitchen
• B)being promoted to the position of Chief of Police
• C)being appointed to the U.S.Supreme Court
• D)starting your own snow cone business

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Definitions:

Rescission

The legal nullification of a contract, returning all parties involved to their original positions before the contract was made.

Breach of Duty

Failure to meet a standard of care legally owed to someone, resulting in harm or damage.

Negotiation

The process by which parties discuss and arrive at a mutually acceptable agreement.

Transferee

A person or entity that receives property, rights, or interest from another through a legal transfer process.