Which of the Following Organizational Forms Has in Place a Management

question 21

Multiple Choice

Which of the following organizational forms has in place a management team whose members share in the overall control of the business?

• A) Charitable organization.
• B) Sole proprietorship.
• C) Religious organization.
• D) Limited liability company.

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Definitions:

Actual Customers

Individuals who have made a purchase from a business, distinguishing them from potential customers who have not yet made a purchase.

Compensatory Consumers

Consumers who make purchasing decisions by weighing the strengths and weaknesses of different options.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow, outlining a five-tier model of human needs, from basic (physiological) to higher needs (self-actualization).

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.