ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The businesses predicted to undergo the most growth in the coming decade are
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primarily service business
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primarily manufacturing businesses
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businesses that convert materials into procucts
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businesses that sell retail products to wholesalers
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Explanation:
Detailed explanation-1: -Sole Proprietorship Sole Proprietorships are the most common form of legal structure for small businesses. Taxation: A sole Proprietorship has pass-through taxation. The business itself does not file a tax return.
Detailed explanation-2: -The corporation generally is the easiest form of organization for raising capital from outside investors.
Detailed explanation-3: -Limited liability company (LLC)
Detailed explanation-4: -A general partnership is a business made up of two or more partners, each obligated for the business’s debts, liabilities, and assets. Partners assume unlimited liability, potentially subjecting their personal assets to seizure if the partnership becomes insolvent.
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