Manju Iyer Asks for Your Advice in Opening a New

question 103

Multiple Choice

Manju Iyer asks for your advice in opening a new business. She plans to provide tax-related services to individuals and small-business owners in her community. Of course, she wants an attractive means of starting and operating her business with a reasonable hope of succeeding in it. What will be your advice?

• A) Start your own independent business.
• B) Form a partnership with a CPA.
• C) Consider purchasing a franchise.
• D) Forget about opening the business because it is too risky.
• E) First secure a loan from the Small Business Administration.

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Definitions:

Quantitative Data

Quantitative data refers to information that can be measured and written down with numbers, expressing quantities, lengths, or sizes.

Census

A survey to collect data on the entire population.

Population

The full set of subjects or entities analyzed in a statistical investigation.

Experimental Studies

Research designs that involve the manipulation of one or more variables to determine their effect on one or more outcome variables.