Chase, the Owner of Data Master, a Sole Proprietorship, Wants

question 64

Multiple Choice

Chase, the owner of Data Master, a sole proprietorship, wants to obtain additional business capital. This opportunity is most likely limited to

• A)borrowing funds.
• B)bringing in partners.
• C)issuing stock.
• D)selling the business.

---

Definitions:

Employer

An individual or organization that hires and pays people to work for them, providing salary or wages in exchange for the employee's labor.

Human Resource Management

The strategic approach to the effective management of people in an organization, which helps businesses gain a competitive advantage. It's designed to maximize employee performance in service of the employer's strategic objectives.

Critical Industrial Relations

The study and practice of managing and improving relationships between employers and employees, particularly in contexts where conflicts or disputes might arise.

Pragmatic, Business-Like Approach

A practical and realistic method of dealing with business situations, focusing on results and efficiency instead of theory or ideals.