Brothers Ronnie and Jacob Are Both in College; Ronnie Is

question 51

Multiple Choice

Brothers Ronnie and Jacob are both in college; Ronnie is a senior and Jacob a sophomore. They’re both majoring in business administration and want to open a small business a few years after graduation. They understand that it’s important to gain more management experience and build good credit ratings. Ronnie wants more security in his work and would be satisfied working with an older partner until he “learns the ropes.” More than Jacob, he’d prefer a business that’s been established for a few years. Although he likes a certain degree of independence, he’s willing to follow directions and take advice. Jacob, on the other hand, wants more freedom to make his own choices and to succeed or fail on his own merits. He’s quite creative and likes to set his own rules.
-As Jacob's business advisor,what would you probably advise him to do?

• A)Start a business from scratch.
• B)Buy an existing business.
• C)Buy a franchise.
• D)Go into business with his brother.

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Definitions:

Interpersonal Sensitivity

The ability to perceive and understand the emotions and thoughts of others, enhancing communication and relationships in personal and professional settings.

Communication

The act of exchanging or transmitting information, ideas, or feelings between individuals through spoken words, writings, or other mediums.

Underlying Values

Fundamental beliefs or principles that drive behavior and decision-making processes within individuals or organizations.

Adequate Funding

Sufficient financial resources needed to properly support or sustain a project, initiative, or organization.