Leigh Wants to Go into the Business of Construction Contracting

question 36

Multiple Choice

Leigh wants to go into the business of construction contracting. Among the reasons that would probably convince Leigh to set up his business as a sole proprietorship would be

• A)its greater organizational flexibility.
• B)its limited liability.
• C)its perpetual existence.
• D)the ease of transferring the business to other family members.

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Definitions:

Middle Child

A term referring to a child born in the middle of their siblings, often associated with specific psychological traits due to their birth order.

Piaget

Jean Piaget was a Swiss psychologist known for his pioneering work in child development, specifically his theory of cognitive development that describes how children construct a mental model of the world.

Social

Relating to society, interactions among individuals, or the organization of communities.

Emotional

Pertaining to feelings, where a person's emotional aspect involves their mood, temperament, and ability to express feelings.