Which of the Following Is One of the Principal Factors

question 84

Multiple Choice

Which of the following is one of the principal factors influencing the choice of organizational form?

• A) number of competitors in the relevant industry
• B) transferability of ownership interests
• C) innovativeness of the proposed product or service
• D) employee attrition rate

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Definitions:

Consumption Bundle

A combination of various goods and services that an individual consumes.

Cappuccino

A popular coffee drink made with equal parts espresso, steamed milk, and frothed milk.

Optimal Consumption Bundle

The combination of goods and services that maximizes a consumer's utility, given their budget constraint and the prices of goods and services.

Utility

A measure of satisfaction, usefulness, or pleasure obtained from consuming goods and services.