Which of the Following Is Not One of the Four

question 69

Multiple Choice

Which of the following is not one of the four factors identified in the textbook as critical in selecting a form of business ownership?

• A) the cost of setting up and maintaining the legal form
• B) the number and types of investors involved
• C) accounting and financial reporting considerations
• D) tax considerations
• E) the extent to which personal assets can be shielded from the liabilities of the business

---

Definitions:

Cohabitate

The act of living together in a shared residence, typically in a romantic or familial relationship, without being married.

Emancipated

The status of a minor who has received legal independence from parental control, often through a court process.

Unmarried Minor

An individual under the legal age of adulthood who is not legally married.

Paternity

The state of being a father; legally, it refers to the establishment of a man's identity as the biological father of a child.