Which Type of Business Organization Has All the Respective Rights

question 59

Multiple Choice

Which type of business organization has all the respective rights and privileges of a legal person?

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

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Definitions:

Mental Sets

A tendency to solve problems using methods that have worked in the past rather than considering new approaches.

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering problem-solving.

Intuitions

The ability to understand something instinctively, without the need for conscious reasoning.

Framing

involves presenting or structuring information and messages in a way that influences perception and decisions.