Which of the Following Is True

question 144

Multiple Choice

Which of the following is true?

• A) under the partnership form of business organization, the owners are not personally liable for the debts of the business.
• B) when employees also own a business, their incentive to shirk is removed.
• C) the limited liability of stockholders under the corporate business structure makes it easier to raise equity capital.
• D) under the corporate form of business organization, the owners of the firm are personally liable for its debts.

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Definitions:

Dualistic Nature

The concept of two fundamental parts or principles, such as mind and body, in contrast or opposition.

Descartes

René Descartes, a 17th-century French philosopher, mathematician, and scientist, known for his statement "I think, therefore I am" and his contributions to modern philosophy and the development of the Cartesian coordinate system.

Instinct

Instinct denotes the inherent inclination of a living organism towards a particular complex behavior, which is unlearned and often serves survival and reproductive purposes.

Cognition

The act of obtaining knowledge and insights through the faculties of the mind, personal experiences, and sensory input.