If You Are Self-Employed, How You Choose to Structure Your

question 48

Multiple Choice

If you are self-employed, how you choose to structure your business can have a big effect on your ability to make decisions about the business, such as issues related to which of the following?

• A) Raising and borrowing money.
• B) Limiting your liability.
• C) Paying taxes.
• D) All of these answer choices are correct.

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Definitions:

Socially Responsible

Pertains to businesses or individuals acting in a way that benefits society and the environment, beyond legal requirements.

Corporate Actions

Activities undertaken by a corporation's management that have substantial impacts on the company's stakeholders, including actions like mergers, acquisitions, share splits, and dividend payments.

Social Responsibility Strategy

A plan of action for a business that aims to contribute positively to society, considering the impact of its operations on environmental and social well-being.

Classical Economic

An economic theory originating in the 18th century that advocates for free markets, competition, and the idea that an invisible hand guides supply and demand.