Which of the Following Type of Owner Cannot Be Engaged

question 26

Multiple Choice

Which of the following type of owner cannot be engaged in managing the business?

• A) A sole proprietor
• B) A general partner
• C) A limited partner
• D) None of the above

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Definitions:

Agreement

A mutual understanding or arrangement, often formalized by a contract, between parties regarding their rights and responsibilities.

Standard Of Behavior

The expected and acceptable way of acting or behaving in a given group, community, or society.

Laissez-Faire Leadership

A leadership style characterized by minimal supervision, where leaders provide the tools and resources needed but do not directly manage the process.

Formalizing Stage

A phase in group development where the structure of the group is solidified and rules and roles are established.