Mary and Ted Are Discussing Starting a New Business and Are

question 91

Multiple Choice

Mary and Ted are discussing starting a new business and are asking themselves a series of questions like;"What is the worst that could happen if we fail?" "How likely is that to happen?" They are assessing which potential drawback of small business ownership?

• A)The long hours and hard work involved
• B)The risk of losing their entire investment
• C)The lower quality of life they'll experience
• D)The uncertainty of their income

Understand the role of personal branding in attracting customers.

Understand the importance of timely response to customer interactions on social media platforms.

Understand the various legal structures available for businesses and their formation process.

Identify the implications of different legal structures on taxation and liability.

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Dissociative Disorders

A group of mental disorders characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, characterized by delusions, hallucinations, and disordered thinking.