A Business Created as a Distinct Legal Entity Composed of One

question 31

Multiple Choice

A business created as a distinct legal entity composed of one or more individuals or entities is called a(n) :

• A) Corporation.
• B) Sole proprietorship.
• C) Partnership.
• D) Closed receivership.
• E) Open structure.

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Definitions:

Cognitive-Developmental Theory

A theory of the stages through which children's cognitive abilities develop, originally proposed by Jean Piaget, highlighting the importance of mental processes in understanding the world.

Fair-Weather Cooperation

A type of collaboration or partnership that only exists or functions well under favorable conditions, lacking support through challenges or difficulties.

Autonomous Interdependence

The balance between self-reliance and mutual dependence in relationships, where individuals maintain their independence while also engaging in cooperative and supportive interactions with others.

One-Way Assistance

Assistance provided without the expectation of direct reciprocation, often found in contexts where one party is in a position to help another unilaterally.