Thomas Thinks That Organizing as a Partnership Would Be Best

question 57

Multiple Choice

Thomas thinks that organizing as a partnership would be best because

• A)it is the most complicated to form.
• B)they are a small company and do not need to be a corporation.
• C)it gives them limited liability.
• D)it would allow them to rely on their own financial resources and talents.
• E)Thomas actually thinks that sole proprietorship would be best.

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Definitions:

Negative Results

Outcomes that are detrimental, opposite of intended, or do not meet the expected or desired objectives.

Positive Results

Beneficial outcomes or achievements that stem from specific actions, measures, or experiments.

Emotional Arousal

A state of heightened physiological and emotional response to stimuli, which can influence behavior and perception.

Self-Efficacy

An individual’s belief about the likelihood of successfully completing a specific task.