A Corporation Is the Most Preferable Type of Firm If

question 219

True/False

A corporation is the most preferable type of firm if the investor wants to limit liability.

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Definitions:

Participative

A leadership or decision-making style characterized by involving employees or members in the process, promoting engagement and input.

Adaptive

The ability or tendency to adjust or change in response to new conditions, challenges, or environments, often considered a key trait for survival and success.

Achievement-oriented

Describes an individual or organizational culture that emphasizes the importance of setting and accomplishing goals.

Follower Readiness

The degree to which followers are willing, able, and prepared to take on responsibilities, follow directions, or engage in activities directed by a leader.