Question

Gary decides to buy an existing home goods store, instead of starting his own from scratch. Once he takes over the business, he learns that several customers have complained that one of the company's distributors doesn't pack items sufficiently for shipping, and their items arrived broken. What is Gary's responsibility in resolving this problem?

A. Gary is responsible for taking on and resolving any problems the business already has.
B. Gary is not responsible for problems that existed before he bought the company.
C. Gary can require the previous owner to resolve this problem.
D. Gary can expect the customers and distributor to resolve the problem themselves.
E. Neither Gary nor the previous owner is responsible for resolving this problem.
Jorge is an employee at a company that provides information technology solutions to other firms. Recognizing his potential to innovate, the top management of the company has given him the complete liberty to develop a new smart-phone application using the resources of the company. In this scenario, Jorge best illustrates
A. a franchiser.
B. a venture capitalist.
C. an intrapreneur.
D. a product champion.
E. a trade creditor.

Answer 1

1. Gary's responsibility in resolving this problem is:

A. Gary is responsible for taking on and resolving any problems the business already has.

2. In this scenario, Jorge best illustrates

C. an intrapreneur.

Step-by-step explanation:

When Gary bought over the existing store, he must have figured out that the store had assets and liabilities. Any unaccounted liability arising from the purchase will be settled by Gary in the same way that he will enjoy all the goodwill from the existing store.

The main difference between an Entrepreneur, who is usually the owner of the company, and an Intrapreneur, is that Jorge as an Intrapreneur is an employee. But Jorge has been entrusted with the responsibilities of introducing ideas, inspiring creativity, leading and motivating those around them, and developing new products and services with the company's resources.