Which Form of Business Structure Typically Has the Greatest Potential

question 70

Multiple Choice

Which form of business structure typically has the greatest potential for agency problems?

• A)Sole proprietorship
• B)General partnership
• C)Limited partnership
• D)Corporation
• E)Limited liability company

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Definitions:

Group Tasks

A set of responsibilities or activities assigned to a group to be completed collaboratively.

Basic Group Goals

Fundamental objectives pursued by a group, such as task completion, member satisfaction, or effective decision-making, that guide their activities and interactions.

Extended Period

A lengthy duration of time that is longer than usual or expected, often referring to timelines for projects or significant tasks.

Social Group

A collection of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity.