To Start a Business, You Must Have All of the Following

question 29

Multiple Choice

To start a business, you must have all of the following except _____

• A) an owner or owners
• B) customers
• C) resources (money and/or people)
• D) goods to sell

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Definitions:

Breach of Contract

Occurs when one party in a binding agreement fails to fulfill their obligations without a legitimate legal excuse.

Obligations

Duties or responsibilities enforced by law, contract, or a sense of duty that compel someone to act or refrain from acting in a certain manner.

Disability

A physical or mental condition that significantly restricts one's ability to perform one or more major life activities.

Life Insurance

A contract between a policy owner and an insurance company that requires the insurance company to pay a designated beneficiary a sum of money upon the occurrence of the insured’s death.