The Quickest and Easiest Way to Start a Small Business

question 15

Multiple Choice

The quickest and easiest way to start a small business is by establishing a ________.

• A)sole proprietorship
• B)general partnership
• C)limited liability company
• D)corporation

---

Definitions:

Globalized

Referring to the process by which businesses, technologies, or cultural attributes spread worldwide, leading to increased interconnectedness and interdependence among nations.

Command Economy

An economy in which the state, rather than market forces, manages the production and distribution of goods.

Production

The process of creating goods or services using inputs like raw materials, labor, and technology, often resulting in the generation of value.

Distribution

The manner in which wealth, goods, or resources are shared or spread out across a society or among members within a community.