Laura Owns and Operates Meditation Center Without Creating a Separate

question 49

Multiple Choice

Laura owns and operates Meditation Center without creating a separate business organization. She receives all the profits from the fees for the classes and the sales of the center's merchandise. This is most likely​

• A) ​a limited liability company.
• B) ​a partnership.
• C) ​a sole proprietorship.
• D) ​none of the choices.

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Definitions:

Reward Power

Power arising from the ability to grant favors, money, or other rewards.

Group Members

Individuals who constitute a team or collective, each contributing with their unique skills and perspectives towards common goals.

Organizational Culture

represents the shared values, beliefs, attitudes, and the set of practices that characterize an organization and guide its employees' behavior.

Employee Of The Year

An accolade awarded to an employee recognizing exceptional contribution, performance, or service during the year in an organization.