I would like to invest in a small internet business which sells face masks and share...

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I would like to invest in a small internet business which sells face masks and share in the profits it will make. My two frie

With reference to the above business, what would my role be called? Answer:

Vith reference to the above business, what if I told you that I wanted to be able to make decisions regarding the management

The biggest issue for a sole proprietor is unlimited liability. wered -of Select one: O True Jestion False

business Operations-Management

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Answer 1

Answer #1

A) SOLE PROPRIETORSHIP, AS YOUR FRIENDS, ARE NOT IN ANY SHARE OF BUSINESS PROFITS WITH OR WITHOUT LAW.

B) SOLE PROPRIETOR, AS YOU ARE THE ONLY OWNER OF THE BUSINESS.

C) NO, THERE WILL BE NO CHANGE IN ANY WORK AS TO MANAGE AND ORGANISE THE BUSINESS IS THE FUNCTION OF SOLE PROPRIETOR ONLY.

D) TRUE, THIS MEANS THAT IF YOU'RE UNABLE TO REPAY THE DEBTS OF YOUR BUSINESS, YOUR CREDITORS CAN GO AFTER WHATEVER YOU OWN.

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Answer 2

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