Which Social Science Would Be Interested in the Actions Taken

question 16

Multiple Choice

Which social science would be interested in the actions taken by elected officials both during and in the aftermath of the earthquake in Haiti?

• A) history
• B) economics
• C) sociology
• D) political science

Describe the conceptual and practical distinctions between partnerships, limited liability companies (LLCs), and corporations.

Identify the requirements and legal status for corporations to be recognized as de jure, de facto, or by estoppel.

Explain the corporate citizenship concept and its implications for where a corporation can legally operate.

Understand the legal procedures for forming an LLC and the significance of articles of organization.

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Definitions:

Complete certainty

A state or condition where all aspects and outcomes are known, with no ambiguity or risk.

Classical decision

A decision-making approach based on rational analysis and choice, often associated with maximizing outcomes using a clear set of preferences and information.

Behavioral decision

Decisions made based on the observation and understanding of the behavior of individuals or groups, often in the context of behavioral economics or psychology.

Uncertain environments

describe situations or contexts in which there is a lack of clear information or predictability, making it difficult to make decisions or plan effectively.