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:

Piaget's Concept

Piaget's Concept refers to the developmental theory formulated by Jean Piaget, positing that children move through four stages of cognitive development as they actively construct their understanding of the world.

Deferred Imitation

The ability to repeat or mimic an action or behavior after a delay, demonstrating memory and cognitive development.

Cognitive Development

Cognitive Development is the process by which individuals acquire and evolve in their problem-solving abilities, memory, conceptual understanding, and information processing skills throughout their lifespan.

Sensorimotor Period

A stage in early child development (from birth to about 2 years old) where learning occurs through sensory experiences and manipulating objects.