A Business with No Partners and No Board of Directors

question 40

Multiple Choice

A business with no partners and no board of directors to report to is typically considered to be independent and positioned to act quickly when required.Which of the following would a law professor most likely indicate as also being typical of this form of business?

• A) its limited failure expectancy
• B) its limited life expectancy
• C) the diversity of profit-sharing plans
• D) the complexity involved in its formation

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Definitions:

Prosopagnosia

A neurological condition characterized by the inability to recognize the faces of familiar people.

Visual Sensation

The process of the eyes detecting light and converting it into neural signals that are interpreted by the brain to form visual perception.

Visual Perception

The process by which the brain interprets and makes sense of visual stimuli or images seen by the eyes.

Retinal Disparity

A binocular cue for perceiving depth: By comparing images from the retinas in the two eyes, the brain computes distance—the greater the disparity (difference) between the two images, the closer the object.