Allegra Independently Owns and Operates Southwest Style, a Small Business

question 107

True/False

Allegra independently owns and operates Southwest Style, a small business with about 30 employees. She is happy with the size of her business, the profits it generates, and also with the type of products it sells. Allegra's business would be considered an entrepreneurial venture.

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Definitions:

Reliance

The act of depending on or trusting in something or someone, often used in legal contexts to denote reliance on a contract or promise.

Promissory Estoppel

A judicial doctrine that bars an individual from retracting a commitment once the other individual has justifiably depended on that pledge to their disadvantage.

Moving Expenses

Costs associated with relocating from one residence or office location to another, which sometimes are covered by employers.

Accountant

A professional who performs financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.