Laura Wants to Start a Business, but She Is Unsure

question 169

Multiple Choice

Laura wants to start a business, but she is unsure of the legal form best for her. Short of cash, she has decided to take the form that is the least expensive and most flexible in terms of decision making and implementation. Which would you recommend?

• A) Joint venture
• B) Partnership
• C) Sole proprietorship
• D) Cooperative
• E) Corporation

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Definitions:

Evaginations

The process of forming an outpouching or protrusion of a structure or tissue.

Adrenal Medulla

The inner part of the adrenal gland that produces adrenaline and noradrenaline, hormones involved in stress responses.

Allantois

Tube extending from the embryonic hindgut into the umbilical cord; forms the urinary bladder.

Urinary Bladder

An organ that collects urine excreted by the kidneys before disposal by urination.