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:

Social Cohesion

The strength of relationships and the sense of solidarity among members of a community.

Casual Friday

A workplace policy allowing employees to wear more casual attire on Fridays, aiming to boost morale and relaxation.

Collective Efficacy

A group's shared belief in its conjoint capabilities to organize and execute the courses of action required to achieve given objectives.

Team Confidence

The collective belief in a team's abilities and competence to perform tasks and achieve goals.