Common Examples of Business Organizations Include Sole Proprietorship, Partnership, and Corporation

question 15

Short Answer

Common examples of business organizations include sole proprietorship, partnership, and corporation.
Instructions: For each business listed below, indicate the type of business organization.

Analyze the legal status and rights of third-party beneficiaries.

Comprehend the legal implications of revocability and irrevocability in assignments.

Recognize the role of consideration in the validity of an assignment.

Discuss the enforcement and defenses available to promisors and third parties in contracts.

---

Definitions:

Recovery Stage

In crisis management, the recovery stage is the phase where an organization begins to recover from a crisis, focusing on restoring operations, repairing damages, and improving relationships with stakeholders to regain trust.

Coombs' Three-Stage Model

A crisis communication framework that outlines three phases—pre-crisis, crisis, and post-crisis—for managing an organization's response to a crisis.

Crisis Communications

The strategies and actions taken by an organization to communicate effectively during times of crisis to manage its reputation.

Natural Disaster

Severe and catastrophic weather events or geological occurrences that cause significant damage, harm, or loss.