A corporation is best suited for raising large amounts of capital through the sale of stock.

A franchise is a type of business ownership where an individual operates a business under the brand and system of a larger company.

A cooperative is formed by individuals who work together for mutual benefit.

A corporation is legally separate from its owners, providing limited liability protection.

A sole proprietorship is owned and controlled by a single individual.

A Sole Proprietorship is owned by one individual who has full control and unlimited liability.

A sole proprietorship has a single owner who is personally liable for all business debts.

A corporation is characterized by having shareholders who own shares of the company.

A Corporation is most suitable for businesses requiring significant capital investment due to its ability to raise funds through stock.

A sole proprietorship is often most suitable for family-run businesses due to its simplicity and control.

A Corporation allows for easier transfer of ownership through the sale of stock.

A sole proprietorship can be easily dissolved as it is tied directly to the owner.

A Limited Liability Company (LLC) limits the liability of its owners, protecting personal assets from business debts.

Both LLCs and corporations limit the liability of their owners, protecting personal assets from business debts.

A corporation offers limited liability, meaning owners are not personally responsible for the debts of the business.

Both corporations and LLCs provide limited liability protection, shielding owners' personal assets from business debts.

Corporations provide the best protection against personal liability for their owners.

A corporation provides the strongest protection against personal liability for its owners.

Democratic leadership style encourages team participation in decision-making, fostering collaboration and input.

Laissez-faire leadership is characterized by a hands-off approach, allowing employees to make decisions with minimal interference.

Autocratic leadership involves high control and decision-making by the leader.

The autocratic leadership style is characterized by a high degree of control and decision-making by the manager.

The autocratic leadership style is characterized by a high degree of control and directive behavior from the leader.

Autocratic leadership involves making decisions unilaterally with little to no input from team members.

The equity principle advocates for fair treatment of employees, promoting a sense of justice and fairness in the workplace.

The Scalar Chain principle emphasizes the importance of a clear chain of command, ensuring that communication flows through a defined hierarchy.

Unity of direction ensures that all efforts are aligned towards common goals, which requires clear communication.

The scalar chain principle emphasizes the importance of clear communication and a chain of command within an organization.

The principle of division of labor emphasizes the importance of specialization to increase efficiency and productivity.

The unity of command principle suggests that employees should receive orders from only one superior to avoid confusion and conflict.