Where Large Amounts of Capital Are Used, the Dominant Form

question 202

Multiple Choice

Where large amounts of capital are used, the dominant form of business organization is the

• A) corporation.
• B) partnership.
• C) proprietorship.
• D) partnership in manufacturing and the corporation in finance.

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Definitions:

Arbitrators

Neutral third parties chosen to settle disputes outside of court, whose decisions are typically binding.

Arbitration Case

A legal dispute that is resolved outside of court by an arbitrator, whose decision is typically binding on both parties.

Turnover

The rate at which employees leave a business and are replaced by new employees, which can affect organizational performance and continuity.

Unionized Settings

Work environments where a labor union represents the interests of the employees in negotiations with the employer regarding wages, benefits, and working conditions.