Ramses Owns a Roofing Business

question 248

Multiple Choice

Ramses owns a roofing business. He enjoys being his own boss, but it comes at a price. Often, his days are filled with organizing the activities of the employees and seeking out new customers. He often misses events with friends and family because of the obligations of running his own business. He also knows that he has unlimited personal liability for any of his firm's debts. Ramses's business is organized as a(n)

• A) joint venture.
• B) C corporation.
• C) S corporation.
• D) sole proprietorship.

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Definitions:

Financial Considerations

Financial considerations involve the evaluation of economic factors that impact decision-making processes in personal or business contexts.

Organizational Considerations

Factors that organizations must take into account in their strategic and operational planning, including leadership, culture, structure, and resources.

Monotony

The lack of variety and interest; tedious repetition and routine that can lead to boredom and disengagement.

Job Rotation

A workplace strategy where employees are moved between different jobs or tasks at regular intervals to promote versatility and reduce monotony.