Nick Wants to Make Money,so He Starts His Own Business

question 40

Multiple Choice

Nick wants to make money,so he starts his own business as a sole proprietor.He likes this form of business because

• A) he will get to keep all of the profits the business makes.
• B) profit is guaranteed since he will be the only owner.
• C) it will provide a steady income for him.
• D) he has to split the profits with only one other person.
• E) he has to pay small dividends to the other owners.

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Definitions:

Pollution Reduction

The process or policy of decreasing the amount of pollutants released into the environment, often to protect ecological health and human safety.

Permits

Official documents or licenses that authorize individuals or companies to undertake certain activities, often subject to regulations.

Pollution

The introduction of contaminants into the natural environment that cause adverse change.

External Costs

Costs that are not reflected in the market price of goods or services, often burdening third parties not involved in the transaction.