Todd and Jorge Have Considered Starting Their Own Business but Are

question 176

Multiple Choice

Todd and Jorge have considered starting their own business but are concerned about the possibility of losing their personal assets if the business fails.One way for both Todd and Jorge to avoid this risk would be to organize their firm as a:

• A)sole proprietorship.
• B)general partnership.
• C)limited partnership.
• D)corporation.

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Definitions:

Learned Behavior

Behaviors that an individual acquires through conditioning or observation in their environment.

Piagetian

Relates to the theories and works of Swiss psychologist Jean Piaget, who studied the cognitive development of children.

Psychometric

Referring to the measurement of mental functions, abilities, and processes.

Information-Processing

A model or approach that describes how the human mind perceives, analyzes, stores, and retrieves information.