_____ Are Companies That Continuously Change the Boundaries for Their

question 105

Multiple Choice

_____ are companies that continuously change the boundaries for their task environments by seeking new products and markets, diversifying and merging, or acquiring new enterprises.

• A) Defenders
• B) Wanderers
• C) Transformers
• D) Prospectors
• E) Divergers

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Definitions:

Surety

Surety is a financial guarantee provided by a third party, promising to pay a debt or perform an obligation if the primary party fails to do so.

Electronic Chattel Paper

A digital form of chattel paper, which includes any record or evidence of an obligation and a security interest in specific goods.

Security Interest

A financial interest in a piece of property, granted to a creditor, ensuring claim to the property should the debtor default on their obligation.

Automatic Perfection

A legal condition in which a security interest in a collateral automatically becomes effective without the need for any further action, under certain conditions, once it attaches.