Which of the Following Forms of Organization Is a Compromise

question 9

Multiple Choice

Which of the following forms of organization is a compromise between starting one's own business as an entrepreneur and working for someone else as an employee?

• A) Limited liability company.
• B) Business trust.
• C) Close corporation.
• D) Franchise.

---

Definitions:

Project Manger

A professional responsible for planning, executing, and closing projects, ensuring they are completed on time, within budget, and to scope.

Legitimate Power

Authority that is recognized and accepted by others within an organizational structure.

Expert Power

The influence wielded by an individual or group due to their expertise, skills, or experience in a particular domain.

Referent Power

A form of influence derived from being admired, respected, or identified with, often because of personal attributes or associations.