Which Term Refers to Businesses with a Legal Existence, Including

question 42

Multiple Choice

Which term refers to businesses with a legal existence, including rights and liabilities, apart from those of their members?

• A)family business
• B)conglomerate
• C)corporation
• D)interlocking directorate

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Definitions:

Recall

The mental process of retrieving information from memory without the aid of cues, often tested as a memory function.

Randomly

Without method or conscious decision, in a way that seems unpredictable or without pattern.

Framing Effect

A cognitive bias where people decide on options based on whether they are presented in a positive or negative way.

Risky Strategy

In decision making, opting for an option with potentially higher rewards but also higher risks, often contrasted with a safe or conservative approach.