In a trust deed, the trustor:
A: Holds the note and deed of trust while there is an outstanding balance due;
B: Signs a note for the amount borrowed;
C: Advances the funds to the borrower;
D: Receives the payments from the borrower.
Answer: B: Signs a note for the amount borrowed;
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In terms of a radical innovation, firms sometimes develop a product for which consumers weren't even aware they had a need. Which of the following is another characteristic of radical innovation?
a. low cost production b. consumer involvement c. customers clearly defined d. "supply-side" market e. wide customer base; speedy adoption
According to the textbook, which of the following statements is inaccurate regarding the size and composition of the founding team of a firm?
A) There is no relationship between a founding team's size and its effectiveness. B) A founding team larger than four people is typically too large to be practical. C) The members of a homogeneous founding team are similar in terms of their abilities and experiences. D) The members of a heterogeneous founding team are diverse in terms of their abilities and experiences. E) A founding team can be too big, causing communication problems and increasing potential for conflict.