Examlex
According to Kohlberg, older children and most adults exhibit moral development at the __________ level.
Sole Proprietorships
A type of enterprise that is owned and operated by a single individual, with no legal distinction between the owner and the business.
Partnerships
A formally approved business entity where several individuals come together to share in the management and the financial gains.
Corporations
Legal entities established by shareholders who invest money or assets for a common purpose and enjoy limited liability protection.
Overhead
refers to the ongoing business expenses not directly attributed to creating a product or service, including rent, utilities, and administrative costs.
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