With All These Choice,Jenna's Head Is Swirling with Ideas

question 296

Multiple Choice

With all these choice,Jenna's head is swirling with ideas.She knows that Al and Lew have expertise in business and management,but she also knows that she will need to read on her own for more information.Referring back to a textbook she had in her Introduction to Business class in College,she comes upon the following statement:

• A)All forms of business ownership ultimately offer the same liability protection.
• B)An S-Corporation is a suitable form of business ownership for all businesses,while an LLC is limited to ownership by U.S.citizens.
• C)Even if you sell the rights to others to own a similar business,you still need to commit to a form of business ownership.
• D)The least risky form of business ownership is still the sole proprietorship,and that is precisely the reason that so many are formed each year.

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Definitions:

Ignorance

The lack of knowledge, understanding, or awareness about something.

Profit Maximization

A company's goal to achieve the highest possible financial gain from its operations, within legal and ethical boundaries.

Criminally Negligent

Behaving in a reckless or careless manner that results in harm to others, without the intent to cause harm.

Health and Safety

Policies, procedures, and practices designed to prevent injury, illness, and accidents in the workplace or public environments.