Which of the Following Business Organizational Form(s) Subject(s) the Owner(s)

question 55

Multiple Choice

Which of the following business organizational form(s) subject(s) the owner(s) to unlimited liability?

• A) Sole proprietorship
• B) General partnership
• C) Corporation
• D) Both A and B

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Definitions:

Power Differentials

The disparities in power between individuals or groups in a social hierarchy or structure.

Social Interaction

The process by which people act and react in relation to others, forming the basis of social relationships and structures.

Social Structure

The organized pattern of social relationships and social institutions that together constitute society, guiding and constraining individual behaviors.

Rational Choice Theory

An economic principle that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.