What Is One of the Main Reasons the Number of People

question 88

Multiple Choice

What is one of the main reasons the number of people starting businesses has decreased?

• A) a desire for more security
• B) difficulty obtaining financing
• C) a desire to avoid the stress of business ownership
• D) a desire for corporate benefits such as extended health insurance, vacation, etc.

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Definitions:

Statutory Close Corporation Supplement

Additional legal provisions applicable to a close corporation, which is tightly held, usually bypassing some of the formalities of a regular corporation.

Appraisal Remedy

A right that allows shareholders to demand a judicial determination of the value of their shares during certain corporate actions, such as mergers.

Articles of Incorporation

Official papers submitted to a governmental authority to officially register the formation of a company.

Assets Obligations

Duties or debts that an individual or entity is required to fulfill based on ownership of assets.