A Business in Which Two or More Individuals Undertake to Do

question 132

Multiple Choice

A business in which two or more individuals undertake to do business together as partners is called a

• A) partnership.
• B) sole proprietorship.
• C) bilateral proprietorship.
• D) joint proprietorship.

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Definitions:

Efficiency

The ability to accomplish a task or a goal with the least waste of time and effort; the competency in performance.

Braverman

Refers to Harry Braverman, an American Marxist, noted for his work on labor and monopoly capital, particularly for his theory on the degradation of work.

Passive Victims

Individuals or groups that suffer from a harm or injustice without taking active steps to resist or prevent it.

Management Control

A systematic effort by business management to compare performance to predetermined standards, plans, or objectives in order to ensure that organizational goals are met.