The Text Identifies the Formation of A/an __________ as One

question 52

Multiple Choice

The text identifies the formation of a/an __________ as one major way of minimizing the risk to an entrepreneur.

• A)trust
• B)loophole
• C)corporation
• D)interlocking directorate
• E)None of the above

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Definitions:

Open-Book Account

An account that is open to charges made occasionally as needed.

Charges

Fees or payments required for services, or the formal accusations of wrongdoing.

Account Type

A classification that determines the features and rules applied to a financial or service account, such as savings, checking, or investment accounts.

Collections

The process or practices involved in pursuing payments of debts owed by individuals or businesses.