The Key to Choosing the Right Form of Ownership Is

question 14

Multiple Choice

The key to choosing the right form of ownership is ________.

• A)envisioning where your business will be in 10 years
• B)understanding the characteristics of each form and knowing how they affect your business and personal circumstances
• C)forming either an S corporation or a limited liability company since they are the only forms that offer owners liability protection
• D)irrelevant since choosing a form of ownership is merely a technicality and has little impact on the business and its owner(s)

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Definitions:

Old Self-Perceptions

Refers to individuals' views of themselves based on past beliefs or experiences, which may influence current behaviors and attitudes.

Anticipatory Socialization

The process of learning and adopting the norms, values, and behaviors of a status or role one anticipates occupying in the future.

Journalism School

An educational institution or a part of an institution that focuses on teaching the principles, ethics, and skills required for the profession of journalism.

Resocialization

The process where individuals undergo radical changes in their beliefs, values, and behaviors, often in new social environments.