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Raj Has a Business Idea and Is Willing to Invest

question 64

Multiple Choice

Raj has a business idea and is willing to invest his savings in it.He wants to operate the business on his own and also be the only person entitled to receive the profits generated from the business.Which of the following forms of business is best suited for Raj?


Definitions:

Caveat Emptor

The legal concept of “let the buyer beware” that was pervasive in the American business culture prior to the 1960s.

Multinational Firm

A company that conducts business and has facilities and other assets in at least one country other than its home country.

Transnational Firm

A company that operates across national borders, managing production or service facilities in more than one country.

International Firm

A business that engages in commercial transactions across national borders.

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