When Deciding the Form of Organization of a New Business

question 50

Multiple Choice

When deciding the form of organization of a new business the factors to consider would be all of the following except:

• A)The need to raise large amounts of capital.
• B)The need for continuity in business operations.
• C)The potential profits of the organization.
• D)The personal liabilities of the owners.

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Definitions:

Trait Approach

A theory of leadership that suggests certain qualities or characteristics are inherent in good leaders.

Skills Approach

A perspective on leadership that emphasizes the importance of acquiring and developing specific skills and abilities for effective leadership.

General Cognitive Ability

The overall mental capacity of an individual, including the ability to reason, plan, solve problems, think abstractly, comprehend complex ideas, learn quickly, and learn from experience.

Knowledge

Facts, information, and skills acquired through experience or education.