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When a Person Decides to Go into Business on His

question 59

Multiple Choice

When a person decides to go into business on his or her own and is solely responsible for management and profits,a(n) ________ is formed.


Definitions:

Job Organization

A systematic structuring of jobs within a company to facilitate efficiency, collaboration, and the achievement of business objectives.

Repetitive Work

Tasks or activities that involve the same process or operations being performed over and over again, often leading to monotony and potential health issues.

Tight Controls

Strict rules and monitoring systems set up to regulate processes and ensure efficiency and compliance within an organization.

Legalistic Management

An approach to management that heavily relies on formal rules, regulations, and procedures to make decisions and solve problems.

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