The Corporate Form of Organization Is Important to the U

question 28

Multiple Choice

The corporate form of organization is important to the U.S. economy because

• A) there are more corporations than sole proprietorships.
• B) there are more corporations than partnerships.
• C) there are more sales of goods and services by corporations than any other business forms.
• D) corporations provide more donations to the economy than other business forms due to the many tax incentives geared toward corporations.

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Definitions:

Explicit Knowledge

Knowledge that is well documented, easily articulated, and shared, including facts, procedures, and information that can be easily communicated to others.

Experiential Intelligence

The ability to apply past experiences and knowledge to solve new and novel problems.

Contextual Intelligence

The ability to understand the limits of our knowledge and adapt that knowledge to an unfamiliar context.

Componential Intelligence

An aspect of intelligence theory that emphasizes analytical skills, including problem-solving, logical reasoning, and the ability to manipulate abstract ideas.