In the Case of Low Team Productivity and High Monitoring

question 2

Multiple Choice

In the case of low team productivity and high monitoring costs:

• A)a one- person firm is Pareto- preferred to partnerships.
• B)there are no advantages for any organizational type.
• C)an owner- managed firm is preferred to partnerships.
• D)an owner- managed firm is preferred to a one- person firm.

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Definitions:

Educational Loans

Financial aid provided to students to help cover the cost of education expenses, which must be repaid.

Voluntarily Sold

The act of willingly choosing to sell an asset or property without being forced by external circumstances.

Legal Action

The process of pursuing or defending a lawsuit in court to enforce or defend one's legal rights.

Disaffirmance

The process of rejecting or nullifying a previously agreed-upon contract, especially applicable to minors or parties lacking full capacity.