Nick Wants to Start His Own Business

question 283

Multiple Choice

Nick wants to start his own business. Nick should consider a sole proprietorship if he:

• A) Expects rapid growth and want to be able to raise a large sum of money.
• B) Wants to make it easy to attract qualified employees.
• C) Wants to be his own boss and can accept unlimited liability.
• D) Wants to minimize the financial risk he must accept as the owner of a business.