Which of the Following Types of Business Forms Is Least

question 76

Multiple Choice

Which of the following types of business forms is least risky to investors?

• A) Sole proprietorship
• B) Limited partnership
• C) General partnership
• D) A public corporation

Identify the types of authority agents can hold and the implications of each for contractual and legal relationships.

Recognize the fiduciary duties agents owe to principals and the consequences of breaches of these duties.

Describe the legal remedies available to parties within an agency relationship when contractual obligations are not met.

Examine the principles of liability, including tort and contract liability, within the context of agency relationships.

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Definitions:

Active Voice

A grammatical voice in which the subject of a sentence performs the action expressed by the verb, leading to clear and direct statements.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Tone

The attitude or emotional quality expressed through the choice of words and style of communication.

Credibility

The quality of being trusted and believed in, which is crucial for sources, authors, or institutions in garnering respect and acceptance of their information or viewpoints.