Eric Wants to Start a Business

question 149

True/False

Eric wants to start a business. He is attracted to the idea of being his own boss, and wants to get started with a minimum of expense and hassle. He is confident in his abilities, and the market he can draw from, so he is not particularly worried about financial risks. All of these factors suggest that Eric may favor starting his business as a sole proprietorship.

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Definitions:

Tennis Racket

A sports equipment used to strike a tennis ball in games of tennis.

Transaction

A transaction is an agreement between a buyer and a seller to exchange goods, services, or financial instruments.

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A critically endangered species of rhinoceros native to eastern and southern Africa, known for their distinctive hooked lip.

Eco-Tourism

Responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education.