When Choosing a Form of Ownership,the Entrepreneur Should Realize That

question 11

Multiple Choice

When choosing a form of ownership,the entrepreneur should realize that:

• A)it is difficult if not impossible to change forms of ownership once the company is established.
• B)the expense of changing forms of ownership makes it prohibitively expensive to change.
• C)the most common form of ownership is the partnership and is the least expensive to establish.
• D)he/she will most likely change the form of ownership as the company grows in size and revenues.

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Definitions:

Southern States

Refers to the states located in the southeastern and south-central regions of the United States, often associated with historical contexts of slavery and the Civil War.

Black Elite

The Black Elite refers to African Americans who hold significant positions of power, influence, or wealth within their communities.

New York City

A major metropolitan area in the United States known for its significant cultural, financial, and media influence globally.

Exclusionist Culture

A societal model that systematically denies certain groups access to rights, resources, and opportunities.