Laura Wants to Start a Business, but She Is Unsure

question 133

Multiple Choice

Laura wants to start a business, but she is unsure of the legal form best for her.Short of cash, she has decided to take the form that is the least expensive and most flexible in terms of decision making and implementation.Which would you recommend?

• A) joint venture
• B) partnership
• C) sole proprietorship
• D) cooperative
• E) corporation

---

Definitions:

Rent Payments

Monetary or other compensation given periodically by a tenant to a landlord in exchange for the use of land or property.

Cotton Industry

A sector of the economy focused on the production, processing, and trading of cotton, a key material in the textile industry, historically significant for its role in industrialization.

Death Rate

A measure of the number of deaths in a particular population, scaled to the size of that population, expressed per thousand or per hundred thousand, over a specified time period.

Washed

A process involving water or other liquid, typically used for cleaning purposes, or metaphorically indicating a thorough change or purification.