​ a Person Who Takes the Initial Steps to Form

question 8

Multiple Choice

​ A person who takes the initial steps to form a corporation is known as a(n) .

• A)subscriber
• B)developer
• C)initiator
• D)promoter

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Definitions:

Compound Interest

Interest calculated on a loan or deposit, taking into account the original principal as well as the interest that has accumulated in past periods.

Initial Deposit

The first payment made as part of a larger sum, often required to secure a purchase or open a financial account.

Transactions Costs

The expenses beyond the price of the product that buyers and sellers incur when making a transaction, such as fees, taxes, or other expenses.

Interest Rate

The cost of borrowing money or the compensation for lending money, usually expressed as a percentage of the principal amount per period.