Which Business Model Can Be Described as a Formal Business

question 83

Multiple Choice

Which business model can be described as a formal business entity subject to laws, regulations, and the demands of stock holders?

• A) Corporation
• B) Partnership
• C) Sole proprietorship
• D) Independant contractor

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Definitions:

High Growth Satisfaction

The high level of contentment and satisfaction experienced by individuals or organizations due to rapid expansion or success.

Core Job Characteristics

Fundamental attributes of a job that can affect an employee's work motivation and satisfaction, such as skill variety, task identity, task significance, autonomy, and feedback.

Horizontal Loading

An approach to job design that involves broadening the range of tasks performed by an employee to add variety and encourage skill development.

Form Natural Units

Organize or group elements based on inherent or intrinsic characteristics that naturally belong together.