A Solo Entrepreneur Is an Individual Who Identified His or Her

question 47

Multiple Choice

A solo entrepreneur is an individual who identified his or her business idea ________. A network entrepreneur is an individual who identified his or her business idea ________.

• A) through social contacts; on their own
• B) through a business incubator program; through social contacts
• C) on their own; through social contacts
• D) through the assistance of a paid consultant; through social contacts
• E) with one or more partners; on their own

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Definitions:

Notify Principal

The action of informing the principal party or main authority about relevant or important information.

Limited Liability Company

An organizational form that merges the limited liability offered by a corporation with the partnership or sole proprietorship's benefit of pass-through taxation.

Limited Liability Partnership

A partnership in which some or all partners have limited liabilities, protecting them from being personally liable for the acts of the partnership.

Business Organization

A structured commercial or entrepreneurial entity set up according to a particular legal framework to conduct business and provide goods or services.