Which of the Following Is Typically the Major Factor in Limiting

question 28

Multiple Choice

Which of the following is typically the major factor in limiting the growth of sole proprietorships?

• A) The organizational structure of such firms tends to become extremely complicated over time.
• B) It is extremely difficult to transfer control of such firms to a new owner if the present owner dies or wishes to sell the firm.
• C) The amount of money that can be raised by such firms is limited by the fact that the single owner must make good on all debts.
• D) Investors have a great deal of control over the day-to-day running of such firms, leading to confusion when conflicts in direction arise.

Understand the processes involved in resolving union grievances and disputes.

Evaluate the impact of changing labor dynamics on the complexity and legalistic nature of union contracts.

Outline the advantages and disadvantages of union representation from the perspectives of employees, unions, and management.

Understand the basic principles and purpose of arbitration in the context of labor disputes and employment agreements.

---

Definitions:

Conservation

The protection, preservation, management, or restoration of natural environments and the ecological communities that inhabit them.

Piaget's Stages

A theory outlining four stages of cognitive development in children, including sensorimotor, preoperational, concrete operational, and formal operational stages.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding across the lifespan.

Abstract Thought

The ability to think about objects, principles, and ideas that are not physically present.