ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The ownership and legal structure of a firm affects how the business works and makes profits.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -What is the ownership structure for a business entity? Ownership structure concerns the internal organization of a business entity and the rights and duties of the individuals holding a legal or equitable interest in that business.
Detailed explanation-2: -Joint Venture: A business venture where two or more persons or entities combine their interests in a particular enterprise and agree to share in the losses or profits equally or in proportion to their capital and asset contributions.
Detailed explanation-3: -Cost of Start-up. Control vs. Profits-to Share or Not to Share. Taxation. Entrepreneurial Ability. Risk Tolerance. Financing. Continuity and Transferability.
There is 1 question to complete.