Which Form of Business Organization Most Limits Personal Liability for Its

question 21

Multiple Choice

Which form of business organization most limits personal liability for its shareholders?

• A)Sole proprietorship
• B)General partnership
• C)Corporation
• D)They all share this attribute equally

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Definitions:

Symptom of Groupthink

A sign or manifestation of groupthink, which is the practice of thinking or making decisions as a group in a way that discourages creativity or individual responsibility.

Self-Censorship

The practice of voluntarily withholding one's opinions or information in the public sphere due to fear of social or official repercussions.

Self-Appointed Mindguards

Members of a decision-making group who take it upon themselves to protect the group from dissenting information that might disrupt consensus or harmony.

Abilene Paradox

A situation where a group collectively decides on a course of action that is counter to the preferences of many, if not all, of the members of the group.