INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The fact that personal dynamics are more likely to be a problem in a family business is an example of
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reduced risk
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human risk
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natural risk
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economic risk
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Explanation:
Detailed explanation-1: -Whether the business owner likes the type of business he or she is in is not important. A business owner working with a silent partner could radically change the business without consulting the partner. They can dramatically impact profits.
Detailed explanation-2: -Although you can choose to run your business as a sole proprietorship, partnership, corporation or limited liability company (LLC), in most cases the LLC will offer the most effective protection for both your personal assets outside the business and your investment in the business itself.
Detailed explanation-3: -Which of the following is a potential consequence if a business has more clients than it can handle? It may lose clients.
There is 1 question to complete.