Whether a Person Setting Up a New Business Operates as a Sole

question 41

Multiple Choice

Whether a person setting up a new business operates as a sole trader, forms a partnership or sets up a company is a question about the:

• A)Architecture of the business.
• B)Legal structure of the business.
• C)Social structure of the business.
• D)Profitability of the business.

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Definitions:

Punitive Damages

Monetary compensation awarded in a lawsuit as a punishment to the defendant and to deter future similar conduct.

Employment Discrimination

Involves treating an employee or job applicant unfavorably because of race, gender, national origin, disability, or other protected characteristics.

Civil Rights Act

A landmark piece of U.S. legislation passed in 1964 that outlaws discrimination based on race, color, religion, sex, or national origin.

Bona Fide Occupational Qualification

A legal term allowing employers to hire individuals based on characteristics that are normally considered discrimination if they are reasonably necessary to the normal operation of a particular business.