Lee Wants to Go into the Business of Architectural Design

question 54

Multiple Choice

Lee wants to go into the business of architectural design. Among the reasons that might convince Lee to set up his business as a sole proprietorship would be​

• A) ​its greater organizational flexibility.
• B) ​its limited liability.
• C) ​its perpetual existence.
• D) ​the ease of transferring the business to other family members.

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Definitions:

Atypical

Atypical refers to something that is not typical or usual; in medical or psychological contexts, it often describes conditions, behaviors, or responses that deviate from the norm.

Prison Guard

An individual responsible for the supervision, safety, and security of prisoners in a jail or prison.

Frequency Judgments

refer to the assessments or estimations made by individuals about how often an event occurs or how common a particular item or situation is.

Categorization Judgments

The mental process of grouping objects, people, or ideas into categories based on shared characteristics, facilitating understanding and memory.