Ramin Is Interested in Starting His Own Business

question 62

Multiple Choice

Ramin is interested in starting his own business. He is concerned about how much it will cost to start and maintain this new venture. Which question should Ramin ask himself?

• A) Which ownership structure will minimize the tax burden for the company and for me?
• B) How risky is this business?
• C) Is this really a business or just a money-making hobby?
• D) Will the business have additional owners or investors in the future?

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Definitions:

Formal Network

A structure within an organization that is officially designed and recognized, often dictated by organizational charts and procedures.

Operational Communication

Communication that focuses on the day-to-day running and operations of a business or organization.

Linear Process

A linear process is a sequential procedure that follows a straight, fixed series of steps to achieve a particular outcome or goal.

Communication Problem

Challenges or issues faced during the process of transmitting information from sender to receiver.