Phillip and Reed Have Developed a New Technology for Home

question 135

Multiple Choice

Phillip and Reed have developed a new technology for home computer systems.However,they need to raise a large amount of capital to build the production and support facilities to market their product successfully.Which of the following business types would be best suited to help the company raise the necessary capital to begin production?

• A) Corporation
• B) Proprietorship
• C) Partnership
• D) Limited liability partnership

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Definitions:

Cohesiveness

The degree to which members of a group or team are united and committed to common goals, enhancing group performance.

Norms

Norms are shared expectations and rules that guide behavior of people within social groups, organizations, or cultures.

Productivity

The measurement of efficiency in which goods and services are produced, often evaluated in terms of output per unit of input.

Team-building

Activities and initiatives designed to enhance cohesion, cooperation, and performance of a team.