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

question 34

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.

---

Definitions:

Equilibrium

A state of balance between opposing forces or actions.

Asthenosphere

The area of mantle beneath the lithosphere that is solid, but hotter than the rock above it and can flow under pressure; functions as a soft, weak zone over which the lithosphere may move.

Crustal Blocks

These are large areas of the Earth's crust that have moved together or apart due to tectonic activity.

Isostatic Adjustment

The equilibrium adjustment of the Earth's crust due to changes in load (such as the melting of glaciers), affecting the crust's vertical movement.