The entrepreneur is legally bound by the decisions of his or her counsel and advice from outsiders.

Question

Quizplus · Accepted Answer

The entrepreneur is not legally bound by the decisions of his or her counsel or advice from outsiders. Ultimately, the entrepreneur has the final say in the direction of the business and is responsible for the consequences of their decisions. However, seeking advice from trusted sources can often lead to better decision making and outcomes.

The Entrepreneur Is Legally Bound by the Decisions of His