Lee Wants to Go into the Business of Construction Contracting

question 26

Multiple Choice

Lee wants to go into the business of construction contracting. Among the reasons that would probably convince Lee to set up his business as a sole proprietorship would be

• A) its greater organizational flexibility.
• B) its limited liability.
• C) its perpetual existence.
• D) the ease of transferring the business to other family members.

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Definitions:

Recall

A procedure that allows citizens to remove and replace a public official before the end of their term of office through a direct vote.

Expatriates

Individuals who live outside their native country, often for work, lifestyle, or political reasons.

Representatives

Individuals elected to serve in a legislative body, tasked with making and amending laws as well as representing the interests of their constituents.

Universal Suffrage

The right of all adult citizens to vote in elections without restrictions based on wealth, gender, social status, race, or ethnicity.