A(n) ________ Is a State-Chartered Legal Entity with Authority to Act

question 60

Multiple Choice

A(n) ________ is a state-chartered legal entity with authority to act and to have liability separate from its owners.

• A) limited partnership
• B) conventional corporation
• C) unlimited partnership
• D) nonprofit organization

---

Definitions:

Reciprocity Norm

A social rule suggesting that people should return help to those who have helped them, fostering cooperative behavior.

Conflict

A situation or process where two or more entities or ideas are opposed or in competition, leading to disagreements or disputes.

Mirror-Image Perceptions

The concept that opposing sides in a conflict tend to view each other similarly, each perceiving itself as moral and the other as evil.

Self-Fulfilling Prophecies

Predictions that directly or indirectly cause themselves to become true, due to positive feedback between belief and behavior.