Lee Wants to Go into the Business of Architectural Design

question 54

Multiple Choice

Lee wants to go into the business of architectural design. Among the reasons that might convince Lee to set up his business as a sole proprietorship would be​

• A) ​its greater organizational flexibility.
• B) ​its limited liability.
• C) ​its perpetual existence.
• D) ​the ease of transferring the business to other family members.

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Definitions:

Social Support

The perception or reality of receiving support, assistance, or comfort from others, contributing to an individual's psychological well-being.

Virtual Team

A group of individuals who work across time, space, and organizational boundaries, and interact primarily through electronic communications.

Conventional Team

A traditional team with a stable membership focusing on long-term goals, often working in a specific location or department.

Calculus-Based Trust

Trust that is built on the calculation that the other party will act in a predictable and beneficial manner because it is in their best interest to do so.