A Business with No Partners and No Board of Directors

question 61

Multiple Choice

A business with no partners and no board of directors to report to is typically considered to be independent and positioned to act quickly when required.Which of the following is also typical of this form of business?

• A) its limited failure expectancy
• B) its limited life expectancy
• C) the diversity of profit-sharing plans
• D) the complexity involved in its formation

---

Definitions:

Planned Change

Involves deliberate efforts to modify the operations, structure, or culture of an organization to achieve a specific goal or respond to external or internal pressures.

Neutral Zone

The second of three general steps in the acceptance of personal loss. The neutral zone is the area where “helplessness” and “bottoming out” take place. (See ending and beginning.)

Beginnings

The initial phase or start of something, often marked by new opportunities, challenges, or the introduction of elements or ideas.

Endings

The conclusion or final part of something, such as an event, story, or process, often marking the cessation of activities or the achievement of a goal.