The Business Most Likely to Operate as a Sole Proprietorship

question 9

Multiple Choice

The business most likely to operate as a sole proprietorship is:

• A)private hospital.
• B)medical specialist.
• C)bank.
• D)airline.

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Definitions:

Integrative Negotiation

A negotiation strategy in which parties collaborate to find a win-win solution that satisfies the interests of all involved.

Distributive Bargaining

A negotiation strategy in which one party gains at the expense of another, often characterized by a competitive stance aiming to divide a fixed amount of resources.

Functional Conflict

Disagreements that contribute positively to organizational outcomes by enhancing work processes or performance.

Groupthink

A psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.