Pete Inherited a Thriving Dry Cleaning Business from His Father

question 285

Multiple Choice

Pete inherited a thriving dry cleaning business from his father and mother. He continued the tradition of offering quality service to the customers he served. As the surrounding towns expanded, several people suggested that Pete expand the business to offer service in new locations. He chose to maintain only one operation, so as not to lose control and to keep his work life and home life balanced. Pete is a good example of a(n) ______________

• A) small business affiliate
• B) intrapreneur
• C) micropreneur
• D) enterprise zone participant

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Definitions:

Legislative Regulations

Laws and rules established by government legislative bodies that dictate certain behaviors or actions within society or specific industries.

Senate Finance Committee

A key committee in the United States Senate that handles legislation relating to taxes, tariffs, and other revenue-raising measures.

House Ways and Means Committee

A powerful committee of the United States House of Representatives responsible for taxation, tariffs, and other fiscal policies.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to tax, also known as a flat tax.