Corporations Differ from Partnerships and Other Forms of Business Association

question 58

Multiple Choice

Corporations differ from partnerships and other forms of business association in two ways. One of these is that

• A) they are regulated by the Federal Trade Commission.
• B) they are formed simply by an agreement entered into among their members.
• C) they must be publicly registered or in some way officially acknowledged by the law.
• D) their shareholders are entitled to their share of the company's profits as soon as they are ascertained or determined.

Understand the benefits of training and development within organizations.

Comprehend the steps involved in the performance management process and its linkage with training and development.

Analyze the factors that influence high-performance work systems.

Identify and justify the costs associated with the instructional systems design (ISD) model steps to senior management.

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Definitions:

Incentive Systems

Programs or strategies designed to motivate and reward employees in order to enhance their performance and productivity.

Establishing

The process of setting up or starting something, such as a business, a relationship, or a system.

Piecework

Work paid according to the number of units produced

Standardized

Made uniform in methodology, appearance, or content across different entities or situations to ensure consistency and comparability.