Examlex
Two organizational behaviour students are debating the idea that many OB theories are contingency-oriented. One student believes that every OB theory should be contingency-oriented. The other student disagrees, saying that most theories should try to be universal. Evaluate both positions and provide your opinion on this issue.
Sole Proprietorship
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Co-Operative
An organization owned and operated for the benefit of those using its services, with members sharing control according to democratic principles.
Distinct Legal Entity
This term refers to a business structure that is recognized as separate from its owners, having its own rights and liabilities.
Corporation
A legal entity that is separate and distinct from its owners, recognized by law as having rights and liabilities.
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