12 Questions
Which type of business ownership allows for the greatest degree of management autonomy?
Sole proprietorship
Which enterprise form is best suited to raising large sums of capital?
Public company
Which type of business ownership has the most stringent legal and regulatory requirements?
Company
Which type of business ownership has the most flexibility in transferring ownership?
Company
Which type of business ownership offers limited liability protection to its members?
Company
Which type of business ownership has the potential for increased capital acquisition through diversification of skill and ability?
Partnership
What factor is not typically considered when establishing a business in a specific geographical location?
Availability of unicorns
Which form of business ownership does not have legal (juristic) personality?
Sole Proprietorships
What is not a benefit of an entity having legal (juristic) personality?
The entity is exempt from paying taxes
What is not a common factor to consider when choosing a form of enterprise?
Available colors for company logo
What is not an advantage of a juristic person?
The entity can be easily terminated
Which form of business ownership has limited liability of owners or members when legal action is taken?
Companies
Explore the importance of geographical location for business success and the factors to consider when choosing a business location. Topics include sources of raw materials, labor availability, market access, transportation, infrastructure costs, and regulatory environment.
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