Cameron, a purported agent, signs a contract and promissory note to purchase a building for Burnstar Constructions, a purported principal
Though Cameron is an unauthorized representative, Burnstar Constructions, the purported principal, likes the deal and accepts it. Which of the following is true of the deal ratified by Burnstar Constructions?
A) The deal is invalid due to the fraud in the inducement rule.
B) The deal is invalid due to the fraud in the inception rule.
C) Burnstar Constructions is liable on the note.
D) Cameron is liable on the note.
C
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The end result of underwhelming customers and shareholders is ________
A) an unfocused value proposition B) a higher pressure for short-run results C) an above-average profit performance D) a low rate of customer turnover E) a high level of customer loyalty
Which of the following is a characteristic of a plant asset, such as a building?
A) It is used in the operations of a business. B) It is available for sale to customers in the ordinary course of business. C) It has a short useful life. D) It will have a negligible value at the end of its useful life.
Which of the following will help hold the audience's attention during the presentation?
A) Putting your audience in the appropriate emotional state B) Restating your main points C) Assigning tasks to audience members with due dates D) Bolstering the audiences confidence in you and your message E) Illustrating the main ideas with visuals
Answer the following statements true (T) or false (F)
1. Strategies to be used to address the needs of the customers at the base of the pyramid depend on the income level of the customers. 2. The first generation of business strategies targeted to the poorest customers focused on “fortune finding,” while the second generation of business strategies focuses on “fortune creating” by forming partnerships with local businesses within the poorest countries. 3. The three critical attributes of a successful social entrepreneur are wealth, intelligence, and the ability to speak multiple languages. 4. A Social bricoleur is one who uses his or her existing resource base in order to address the social mission of the organization. 5. An example of a social engineer entrepreneur is Jacqualine Novogratz who established the Acumen Fund in 2001 which the mission to use entrepreneurial approaches to solve global poverty problems.