A Business Created as a Distinct Legal Entity and Treated

question 23

Multiple Choice

A business created as a distinct legal entity and treated as a legal "person" is called a(n) :

• A) corporation.
• B) sole proprietorship.
• C) general partnership.
• D) limited partnership.
• E) unlimited liability company.

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Definitions:

Group Pressure

The influence exerted by a group on its members to align their attitudes, beliefs, or behaviors with the group norms.

Solomon Asch

He was a psychologist best known for his research on conformity, showing how individuals often conform to the opinions of the majority even when they are contrary to their own beliefs.

Conformity

The act of matching attitudes, beliefs, and behaviors to what is perceived as social norms.

Normative Social Influence

The effect other individuals have on us, causing conformity so we gain their approval and acceptance.