Which of the Following Is a Characteristic of a Secondary

question 9

Multiple Choice

Which of the following is a characteristic of a secondary group?

• A) There is not a designated leader.
• B) They have a prescribed structure.
• C) They lack identified specific goals.
• D) The group remains together even when goals are achieved.

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Definitions:

Unlimited Life

An accounting concept referring to corporations that continue to exist irrespective of the status or continuity of their owners.

Legal Liability

The legal responsibility to settle financial debts or obligations resulting from lawsuits or breaches of contract.

Business Entities

Organizations established as separate legal entities for the purpose of conducting business, such as corporations, partnerships, and sole proprietorships.

Sole Proprietorship

A business structure where the business is owned and operated by a single individual, who bears unlimited liability.