List the Three Major Categories of Business Ownership

question 19

Short Answer

List the three major categories of business ownership.

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Definitions:

Ethics of Care

A philosophical perspective that emphasizes interpersonal relations and the importance of compassion, empathy, and emotional response in moral judgment.

Utilitarianism

An ethical theory that proposes actions are right if they are useful or for the benefit of a majority.

Risk-Benefit Analysis

The assessment of potential risks and benefits associated with a medical treatment or intervention to make informed decisions.

Cost

The amount of money required to purchase, maintain, or operate something.