A Comparison of the Three Major Forms of Business Ownership

question 98

True/False

A comparison of the three major forms of business ownership shows that sole proprietorships are usually the most difficult type of business to establish.

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Definitions:

Organize

refers to arranging or structuring people, resources, or tasks systematically to achieve specific goals or outcomes efficiently.

Selective Screening

Allows only a portion of available information to enter our perceptions.

Conscious Awareness

Pertains to being fully aware and mindful of one's immediate environment, thoughts, and feelings.

Law Of Effect

Law of effect states that behavior followed by pleasant consequences is likely to be repeated; behavior followed by unpleasant consequences is not.