Tiffany graduated from college and needed to decide where she wanted to work.She had several options.Her aunt Martha owned and operated a small business that she started about twenty years ago.Martha,an individual owner of her business,informed Tiffany that she could work for her.On one hand,Tiffany thought it would be a great opportunity to be able to work for her aunt,learn the business,and then run the business when her aunt retires.On the other hand,she also felt that she wanted something a little more challenging;a job where she could really use her education.Her other option would be to work for a company that a friend and her husband had started and jointly owned.It was a rapidly growing company with plenty of opportunity for advancement.However,Tiffany had some reservations about this choice because she was not sure she wanted to work for friends.Her last option was to work for a large retail company,headquartered in Maryland,which had stores across the United States.
After much consideration,Tiffany decided she didn't want an opportunity and a job because someone knew her.She wanted to prove how motivated and hardworking she was.Once she weighed all the advantages and disadvantages of her different options,she decided to work for the large retail company so that she could gain the most experience for herself.
-Refer to Tiffany's Dilemma.Based on the information provided,what type of business does Tiffany's aunt operate?
A) Incorporation
B) Partnership
C) Franchise
D) Corporation
E) Sole proprietorship

Question

Tiffany graduated from college and needed to decide where she wanted to work.She had several options.Her aunt Martha owned and operated a small business that she started about twenty years ago.Martha,an individual owner of her business,informed Tiffany that she could work for her.On one hand,Tiffany thought it would be a great opportunity to be able to work for her aunt,learn the business,and then run the business when her aunt retires.On the other hand,she also felt that she wanted something a little more challenging;a job where she could really use her education.Her other option would be to work for a company that a friend and her husband had started and jointly owned.It was a rapidly growing company with plenty of opportunity for advancement.However,Tiffany had some reservations about this choice because she was not sure she wanted to work for friends.Her last option was to work for a large retail company,headquartered in Maryland,which had stores across the United States.
​After much consideration,Tiffany decided she didn't want an opportunity and a job because someone knew her.She wanted to prove how motivated and hardworking she was.Once she weighed all the advantages and disadvantages of her different options,she decided to work for the large retail company so that she could gain the most experience for herself.
-Refer to Tiffany's Dilemma.Based on the information provided,what type of business does Tiffany's aunt operate?
A) Incorporation
B) Partnership
C) Franchise
D) Corporation
E) Sole proprietorship

Quizplus · Accepted Answer

Tiffany's aunt operates a small business that she started about twenty years ago. Based on this description, it can be inferred that her aunt's business is a sole proprietorship.

Answer: C, D 
 There is no best choice for Tiffany as it ultimately depends on her personal preferences and career goals. However, based on the information provided, the options with the most potential for personal growth and advancement would be to work for her friend's rapidly growing company (option 2) or the large retail company (option 3). Option 1 may provide some valuable experience and knowledge about running a small business, but may not offer the same opportunities for growth and development. Ultimately, Tiffany's choice to work for the large retail company was based on her desire to gain the most experience for herself.

Tiffany Graduated from College and Needed to Decide Where She