Three Construction Contractors Decide to Form a Real Estate Development

question 3

Multiple Choice

Three construction contractors decide to form a real estate development firm where they will share ownership and decision making. They would like the ability to allow others to "buy in" to the business, but only if those people will be active participants who can add value to the existing ownership team. Which form of business should they most likely choose?

• A) sole proprietorship
• B) syndicate
• C) partnership or LLP
• D) joint venture

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Definitions:

Organisms Learn

The process through which living beings acquire new information or behaviors through experiences.

Stimuli

External or internal factors that elicit a response from a living organism or a system.

Reinforced

In behavioral psychology, reinforced refers to the process of strengthening a behavior by providing a consequence that increases the likelihood of the behavior's repetition.

Behaviorism

A theory of learning which states that all behaviors are acquired through conditioning, emphasizing the role of environmental factors.