The Personal Decision to Obtain a College Degree in Business

question 48

Multiple Choice

The personal decision to obtain a college degree in business is primarily a(n) ________ decision.

• A)social
• B)investment
• C)ethical
• D)financing

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Definitions:

General Incorporation Law

A set of statutes established by a state that provides guidelines and regulations for the formation, operation, and dissolution of corporations.

For-Profit Corporation

A type of organization that is intended to operate with the goal of making a profit for its shareholders.

Owners

Individuals or entities that hold the legal right or title to property, assets, or intellectual property.

Not-For-Profit Corporation

A type of legal entity organized for purposes other than generating profit. Any surplus revenues are used to further its objectives rather than distributed to shareholders.