Which of the Following Is True About Publicly Held Business

question 74

Multiple Choice

Which of the following is true about publicly held business organizations?

• A) These organizations are owned only by a few persons.
• B) Decisions regarding selection of appropriate organizational forms are usually limited to these organizations.
• C) Shareholders of such organizations can transfer their ownership without interfering with the organization's management.
• D) A family-operated business is a classic example of a publicly held business organization.
• E) The status of a shareholder in these organizations limits their liability for torts and shareholders mostly forgo their limited liability for cosigning contracts.

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Definitions:

Competence; Status

Refers to the knowledge, skills, and abilities that an individual possesses, which contribute to their social status and how others perceive them.

Ambivalent Racism

A theory suggesting that people can have conflicting, simultaneous racist and egalitarian attitudes, leading to ambivalent feelings and behaviors toward racial outgroups.

Individualism; Egalitarianism

A philosophical and cultural stance that emphasizes the moral worth of the individual and the belief in human equality, especially regarding social, political, and economic rights and privileges.

Collectivism; Egalitarianism

A societal orientation emphasizing group goals and equality, where people prioritize the well-being of the group over individual success.