While a Sole Proprietorship Gives the Owner Maximum Flexibility in Running

question 53

Multiple Choice

While a sole proprietorship gives the owner maximum flexibility in running the business,it also:

• A)makes the company a prime target for an acquisition or merger.
• B)creates a sense of isolation.
• C)makes it difficult to hire management talent to help grow the business.
• D)makes it difficult to sell.

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Definitions:

Lawrence Kohlberg

A psychologist best known for his theory of stages of moral development, which describes how individuals evolve in their understanding of morality throughout their lives.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.

Human Beings

Members of the species Homo sapiens, characterized by their ability to think critically, communicate through complex language, and create and manipulate their environment.

Formal Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly, reason logically, and manage problems systematically.