Which Form of Business Structure Is Most Associated with Agency

question 55

Multiple Choice

Which form of business structure is most associated with agency problems?

• A)sole proprietorship
• B)general partnership
• C)limited partnership
• D)corporation
• E)limited liability company

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Definitions:

Authorization Cards

Cards signed by employees to indicate their wish to have a union represent them for collective bargaining purposes.

Nonunion Workers

Employees who are not members of a labor union and therefore do not receive the benefits of collective bargaining or labor union protections.

Discharged

The termination of an employee's position or employment, often for reasons related to performance, conduct, or economic necessity.

Decertification Election

A process wherein workers vote to remove the representation of an existing union, essentially ending its authority to negotiate on their behalf.