Identify the Characteristic of a High-Tech Venture

question 97

Multiple Choice

Identify the characteristic of a high-tech venture.

• A)Owner's own money is the preferred funding source
• B)Focus is on efficiency
• C)Delegation is essential
• D)Sales are more important than marketing

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Definitions:

Apparent Authority

The situation in which an agent's actions lead a third party to reasonably believe that the agent has the authority to act on behalf of the principal.

Wholesale Jeweler

A wholesale jeweler is a business entity that sells jewelry in large quantities, usually to retailers rather than directly to the public.

Retail Jewelry Store

A business establishment that specializes in selling jewelry and related accessories directly to consumers.

Personally Bound

Being legally obligated on an individual basis, usually in terms of contractual or financial responsibilities.