Which of the Following Forms of Business Organization Is Likely

question 230

Multiple Choice

Which of the following forms of business organization is likely to suffer most from the principal agent problem between the owners and managers of the business?

• A) proprietorships
• B) partnerships
• C) corporations
• D) All are equally likely to suffer from the principal-agent problem.

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Definitions:

High in Extraversion

Describes individuals who exhibit significantly above-average levels of sociability, enthusiasm, and activity compared to others.

Study Habits

The consistent practices or routines that individuals use to acquire and retain information effectively during the learning process.

Conscientiousness Dimension

One of the five major personality traits, describing individuals who are reliable, well-organized, self-disciplined, careful, and responsible.

Big Five

A psychological model outlining five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.