Nick Wants to Start His Own Business

question 233

Multiple Choice

Nick wants to start his own business. Nick should consider a sole proprietorship if he:

• A) expects rapid growth and wants to be able to raise a large sum of money.
• B) wants to make it easy to attract qualified employees.
• C) wants to be his own boss and can accept unlimited liability.
• D) wants to minimize the financial risk he must accept as the owner of a business.

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Definitions:

Criterion

A principle or standard by which something may be judged or evaluated.

Criteria Row

In databases and spreadsheets, a designated row used to enter conditions or criteria for filtering or querying data.

Expression Builder

A tool in database software that assists in creating complex formulas to calculate and analyze data.

Calculated Field

A field in databases and spreadsheets that generates a value based on a formula or condition applied to other fields.