Madeeha Iyer Asks for Your Advice in Opening a New

question 183

Multiple Choice

Madeeha 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:

United States

The United States is a country primarily located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Price Of Apples

The amount of money required to purchase apples in a market, often influenced by factors like supply and demand, production costs, and seasonal variations.

Imported Apples

Apples brought into a country from another to be sold or consumed, which may be subject to tariffs or quality inspections.

Free Trade

A policy to eliminate discrimination against imports and exports, allowing goods to move freely across borders without tariffs, quotas, or other restrictions.