If Managers of a Private Corporation Perform Poorly, Each Owner

question 108

Multiple Choice

If managers of a private corporation perform poorly, each owner has the option of

• A)closing down the firm
• B)selling her share of the firm
• C)managing the firm herself
• D)paying no taxes on the little profit she does receive
• E)selling off the plant and equipment of the firm

---

Definitions:

Implicit Procedural

Relates to learning and performing tasks without conscious awareness, often seen in habits or skills acquired through repetition.

Anterograde Amnesia

A loss of the ability to create new memories after the event that caused the amnesia, leading to a partial or total inability to recall the recent past.

Explicit Procedural

Refers to the detailed and clear instructions or steps needed to carry out a specific task or procedure.

Semantic Memory

A type of long-term memory involving the capacity to recall words, concepts, or numbers, which is essential for the use and understanding of language.