Nortons, Inc

question 95

Multiple Choice

Nortons, Inc. is a hardware store that is owned by members of the Norton family as well as a few close friends of the family. This company is a(n)

• A) sole proprietorship.
• B) partnership.
• C) open corporation.
• D) closed corporation.
• E) public corporation.

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Definitions:

Kinds of Power

Various forms of influence or control individuals or groups can exert over others, such as coercive, reward, legitimate, expert, and referent power.

Ethical Behavior

Acting in ways consistent with what society and individuals typically think are good values.

Organizational Cultures

The shared values, beliefs, and practices that characterize an organization, shaping its identity and influencing how it operates and interacts with stakeholders.

Company Example

An illustration or instance of a firm or business used to demonstrate a particular point or principle.