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:

Negative News

Information or updates that convey adverse or undesirable messages, such as failures, losses, or unpleasant events.

Indirect-Order Message

is a communication strategy that presents the reasoning or background information before making the main point or requesting action, often used to soften negative news or requests.

Strategic Buffer

A planned reserve or cushion integrated into strategies or plans to mitigate unforeseen changes or challenges.

Bad-News Messages

Communications designed to relay unfavorable or disappointing information to the recipient in a careful and considerate manner.