Diego Worked as an Engineer for KuttingEdge

question 77

Multiple Choice

Diego worked as an engineer for KuttingEdge. He had many innovative ideas for the company, but most were never explored to his satisfaction. Therefore, he left the corporation to start his own business. He applied his ideas and thoughts to this business and finally succeeded. This is an example of

• A)entrepreneurship.
• B)domain selection.
• C)corporate espionage.
• D)vertical integration.
• E)franchising.

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Definitions:

Statutory Provisions

Specific clauses or sections within a statute (law) enacted by a legislative body, governing various legal matters or actions.

Liability

The state of being responsible for something, especially by law, including debts or legal obligations.

Unlimited Liability

A legal obligation in business where owners are personally responsible for all debts incurred by the business.

Misappropriation

The unauthorized, improper, or unlawful use of funds or assets for purposes other than those for which they were intended.