Why Is It That Only a Small Percentage of American

question 48

Multiple Choice

Why is it that only a small percentage of American firms are incorporated?

• A)Corporate debt as stockholder's liability
• B)Small size of firms
• C)Unlimited liability
• D)Inability to outlast associated individuals

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Definitions:

Accommodation

The process we use to create new schemas (mental representations) or drastically alter existing ones to incorporate new information that otherwise would not fit.

Centration

The tendency, especially in children, to focus on one aspect of a situation while ignoring others.

Accommodation

The process by which the eye changes optical power to maintain a clear image or focus on an object as its distance varies.

Assimilation

The cognitive process in which individuals integrate new information into existing frameworks or schemas.