A Local Retail Shop Has Been Operating as a Sole

question 58

Multiple Choice

A local retail shop has been operating as a sole proprietorship.The business is growing and now the owner wants to incorporate.Which of the following is not a reason for this owner to incorporate?

• A)Ability to raise capital for expansion
• B)Desire to limit the owner's personal liability
• C)The prestige of operating as a corporation
• D)The ease in transferring shares of the corporation's stock

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Definitions:

Closed Ended

Pertains to questions or statements that limit responses to a simple "yes" or "no," often used in surveys, interviews, and sales techniques to control the direction of a conversation.

Redirect Question

A technique used in conversation or negotiation to guide the flow of dialogue by asking a question in response to a question.

Nondirective Question

A nondirective question is an open-ended question that encourages the respondent to provide more detailed information without leading them to a specific answer.