Nidal Has an Idea for a New Technology Company

question 18

Multiple Choice

Nidal has an idea for a new technology company. He knows the technology industry is constantly changing and in order to be successful his company will require a large amount of capital to keep up with the changes. Which of the following is the best choice for Nidal?

• A) a partnership, because Nidal will need someone to help generate ideas for the business
• B) a corporation, because it is easiest to exchange shares of ownership for investment capital
• C) a sole proprietorship, because it will be easiest for Nidal to remain in control
• D) a partnership, because it is easiest to exchange shares of ownership for investment capital

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Definitions:

Receives

To get or be given something.

Stakeholders

Individuals or groups that have an interest, investment, or impact on a project, organization, or outcome.

Captive Audience

A group of people who are compelled to listen or watch something, often because they are in a situation where they cannot avoid it.

Effective Communication

The ability to convey information or ideas in a clear, concise, and meaningful way that is understood by the audience.