Question

Cassandra is about to finish her degree in business management and wants to find a job...

Cassandra is about to finish her degree in business management and wants to find a job that will provide her with opportunities to advance within an organization. What type of business organization should Cassandra work for?

A.

A sole proprietorship
B.

A small family-owned business that is incorporated
C.

A partnership
D.

A corporation
E.

An unlimited partnership
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Answer #1

Answer: D. A corporation.

Cassandra should work for a corporation because:

  • The scale of operations is much larger, and the clientele more diversified, therefore affording more work opportunities.
  • A corporation is expected to be more professionally managed.
  • There would a policies in place, therefore decisions are less likely to be arbitrary or ad hoc.
  • Better pay, periodic reviews and performance appraisals.
  • Corporations are less likely to have cash flow problems as compared to other business forms.
  • Corporations enjoy perpetual succession, unlike a sole proprietorship or partnership.
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