Which Form of Business Organization Is Established as a Legal

question 88

Multiple Choice

Which form of business organization is established as a legal entity separate from its owners?

• A)Sole proprietorship
• B)Partnership
• C)Corporation
• D)None of these

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Definitions:

Primacy Effect

The tendency to remember information at the beginning of a list better than the information in the middle or at the end.

Recency Effect

The tendency to remember the most recently presented items or experiences more effectively than those presented earlier.

Long-Term Memory

The vast memory depository containing all of an individual’s knowledge and beliefs—including all those not in use at any given time.

Three-Stage Model

A framework in cognitive psychology that divides memory into three distinct stages: sensory memory, short-term memory, and long-term memory.