It Is Expected That in the Future,the Limited Liability Company

question 50

Multiple Choice

It is expected that in the future,the limited liability company will in many instances replace which of the following forms of business ownership?

• A) the general partnership
• B) the limited partnership
• C) the close corporation
• D) all of the above

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Definitions:

Bandura

Albert Bandura is a psychologist known for his work in social learning theory and for proposing the concept of self-efficacy.

Internal Locus of Control

A psychological characteristic where a person believes they have control over the events in their life, as opposed to external forces.

External Locus of Control

A belief that outcomes in one's life are controlled by external forces or fate, rather than one's own efforts or actions.

Implicit Motivation

The unconscious drive that influences behaviors and decision-making, often without the individual's aware intent.