A Business Owned by Two or More Individuals or Entities

question 108

Multiple Choice

A business owned by two or more individuals or entities is called a(n)

• A) Nonprofit organization
• B) Partnership
• C) Institution
• D) Sole proprietorship

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Definitions:

Command and Control

A traditional management style focused on hierarchical organization, authority, and the tight control of decision-making and operations.

Act Irresponsibly

Engaging in behavior that demonstrates a lack of consideration for the consequences that may affect oneself or others.

Theory Y

A management concept that assumes employees are inherently motivated and seek responsibility, promoting a participatory management style.

Self-direction

The ability to regulate and guide one's own activities and efforts independently, often reflecting a high level of personal autonomy and intrinsic motivation.