Legislators Created a Form of Business Called Corporations Because They

question 9

Multiple Choice

Legislators created a form of business called corporations because they thought that businesses could be more efficient in raising the capital necessary for producing goods, services, jobs, and wealth if:

• A)multiple owners were involved in the strategic decision making process of the firm.
• B)there was transparency among all stakeholders.
• C)firms had the obligation to justify bad decisions.
• D)individuals were protected by limiting the liability of individuals for business activities.

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Definitions:

Unique Ability

A distinct talent or skill that sets an individual apart from others, often contributing to their success or effectiveness in certain roles or activities.

Leadership

The ability to guide, inspire, and influence others toward achieving common goals and objectives.

Context Factor

Involves the elements or conditions that influence the setting or environment in which events occur, impacting the interpretation or outcome.

Behavioral Roles

The set of expected actions and behaviors assigned to an individual within a group or organization based on their position.