Why Are Most Professional Firms Unincorporated

question 65

Multiple Choice

Why are most professional firms unincorporated?

• A) because corporations are too costly to establish and maintain
• B) because partnerships are a preferable mode of business to most professionals
• C) because legislation prohibits them from avoiding personal liability for negligent work
• D) because they are required to have liability insurance,and thus incorporation is not needed to protect from negligence suits

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Definitions:

Preschoolers

Refers to young children, typically aged between 3 to 5 years, who are in the early childhood stage, just before they enter elementary school.

Free-play Time

unstructured periods of time where children engage in play of their own choosing without specific goals or direct adult involvement.

Flow State

A psychological condition where an individual completely engages in an activity with intense concentration, complete participation, and pleasure.

Explicit Motives

Explicit motives are conscious or verbalized goals that drive an individual's actions towards achieving specific outcomes.