Juan Wants to Start His Own Business

question 140

Multiple Choice

Juan wants to start his own business.He would be most likely to favour organizing his new company as a sole proprietorship if he:

• A)expects rapid growth and wants to be able to raise a large sum of money.
• B)wants to minimize the financial risk he must accept as the owner of a business.
• C)wants to make it easy to attract qualified employees.
• D)has a strong desire to be his own boss.

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Definitions:

Executive Orders

Directives issued by the President of the United States that manage operations of the federal government.

Article II

Often refers to a specific section of a legal document or constitution that outlines certain powers and structures, such as the executive branch in the U.S. Constitution.

Business Law

The body of law that governs the rights, relations, and conduct of persons, companies, organizations, and businesses.

Enforceable Rules

Regulations or directives that are legally binding and can be enforced by law.