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:

Actor/Observer Bias

The tendency to attribute one's own actions to external factors, while attributing others' actions to their character or disposition.

Fundamental Attribution Error

The tendency for observers to attribute others' behaviors to their character rather than to external factors.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Personal Attribution

The process of ascribing the cause or reason for someone’s behavior to their personal characteristics or dispositions.