Lebron,Michael,Nolan,and O'Neill Combine to Buy a Professional Basketball Franchise

question 68

Multiple Choice

Lebron,Michael,Nolan,and O'Neill combine to buy a professional basketball franchise. Their selected form of business organization is an investment group,which is also known as

• A)a business trust.
• B)a joint stock company.
• C)a joint venture.
• D)a syndicate.

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Definitions:

System

A set of interconnected elements or components that are organized to function together as a complex whole.

Kenneth Boulding

An economist, educator, peace activist, and interdisciplinary philosopher who made contributions in systems theory, ecological economics, and conflict and peace studies.

Equivocality

The existence of multiple and potentially conflicting interpretations or meanings within a communication context.

Predictable Context

An environment or situation in which outcomes can be anticipated based on known variables, past experiences, and established patterns.