Bill Is Starting Up a New Business

question 77

Short Answer

Bill is starting up a new business. In order to raise the capital needed for the business, Bill has sold shares of his company to a few close relatives. This type of structure is known as a
sole proprietorship.
private corporation.
macroenterprise.
public enterprise.
public corporation.

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Definitions:

Preoperational Thought

A stage in Piaget's theory of cognitive development where children from about 2 to 7 years old are able to use symbols and language but do not yet understand concrete logic.

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Accommodation

In cognitive psychology, the process of modifying existing cognitive schemas, perceptions, and understandings to incorporate new information.

Cognitive Structures

Mental frameworks that help individuals organize and interpret information, fundamental to learning and understanding.