Justin Rolando Decided to Operate His Own Web Design Firm

question 36

Multiple Choice

Justin Rolando decided to operate his own Web design firm and is leaning toward organizing it as a sole proprietorship.What is one factor Justin should realize in choosing this form of business?

• A)He will be creating a business that is legally separate and distinct from himself.
• B)He will be required to fill out special forms and pay proprietorship fees to get the company legally established.
• C)He will incur the problem of double taxation.
• D)He will be exposing himself to unlimited personal liability for the company's debts.

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Definitions:

Standard Deviation

A statistical measurement that denotes the variability or dispersion of a set of data points.

Service Level

A metric used to measure the quality of service provided, often reflecting the percentage of customer requests or orders fulfilled correctly and on time.

Quantity Discounts

Price reductions given to customers for purchasing large volumes of a product, aimed at encouraging bulk buying and increasing sales volume.

Cost-Minimizing Solution

A cost-minimizing solution is an economic strategy or method that aims to achieve the lowest possible cost while fulfilling certain conditions or requirements.