Which Form of Business Ownership Is the Single Best Form

question 151

Multiple Choice

Which form of business ownership is the single best form in which to organize a small business?

• A) sole proprietorships
• B) partnerships
• C) corporations
• D) there is no single best form

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Definitions:

Self-Serving Bias

A readiness to perceive oneself favorably.

Defensive Self-Esteem

This refers to a form of self-esteem that is fragile and highly reactive to criticism, often involving a defensive or hostile attitude as a protective mechanism.

Narcissism

Excessive self-love or vanity; self-admiration that is characterized by a lack of empathy for others.

Oral Stage

A stage of psychosexual development proposed by Freud, characterized by pleasure centers on the mouth.