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Maria Wants to Start a New Business in Collaboration with Her

question 89

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Maria wants to start a new business in collaboration with her husband and brother-in-law.The features she is looking for in the business are as follows: least possible regulatory controls,faster decision making,and ease of organization.She also wants a business in which she will not be forced to pay off any business debts from her personal assets.Which type of business ownership will be best suited to her needs?


Definitions:

Crisis Management Program

A structured approach to dealing with, preparing for, and mitigating any unexpected or dangerous situation that affects an organization, its stakeholders, or the general public.

Plan

A detailed proposal for doing or achieving something, typically involving the arrangement and coordination of activities and resources.

Anticipate

The act of expecting or predicting something to happen in the future and preparing for it.

Executive Reality Check

A process or moment where business leaders assess the truth of their company's situation, beyond biases or assumptions.

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