A Private Corporation Is One That

question 24

Multiple Choice

A private corporation is one that

• A) is owned by only a few people and not traded in public markets.
• B) does not pay taxes on its income.
• C) does not hire employees.
• D) can be purchased on the New York Stock Exchange.
• E) does business outside the nation in which it is incorporated.

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Definitions:

Extrinsic Rewards

Benefits and/or rewards that come from an external source, such as money, promotions, or praise.

Intrinsic Rewards

Intrinsic rewards are personal satisfactions and gratifications that one receives from the work itself, rather than from external rewards.

Control

The process of regulating organizational activities to make them consitent with the expectations established in plans, targets, and standards of performance.

Organizational Processes

Are mechanisms and structured activities within an organization that contribute to its effective functioning, including decision-making, communication, and coordination.