Jeremy Is Thinking of Starting Up a Small Business Selling

question 27

Multiple Choice

Jeremy is thinking of starting up a small business selling NASCAR memorabilia.He is considering setting up his business as a corporation.What is one advantage to Jeremy of setting up his business as a corporation?

• A)By setting up the business as a corporation, Jeremy would not face double taxation.
• B)By setting up the business as a corporation, Jeremy would have the ability to share risk with shareholders.
• C)By setting up the business as a corporation, Jeremy would have both ownership and control over the business.
• D)All of the above would be advantages of setting up his business as a corporation.

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Definitions:

Poor Families

Families that live below the poverty line, struggling to meet basic needs such as food, shelter, and clothing.

External Restraint

This term refers to external factors or influences that limit or control an individual's actions or behaviors, often to prevent deviant or undesirable outcomes.

Social Regulation

The mechanisms, processes, and norms through which society regulates the behavior of individuals and groups to maintain social order.

Phenomenological Sociologists

Sociologists who study how individuals perceive and interpret their own experiences and the world around them.