Which of the following forms of organization is a compromise between starting one's own business as an entrepreneur and working for someone else as an employee?
A)limited liability company
B)sole proprietorship
C)close corporation
D)franchise

Question

Quizplus · Accepted Answer

A franchise allows an individual to start a business using an established brand and business model, but still allows for some autonomy and decision-making as an entrepreneur. It is a compromise between fully starting a business on one's own and working for someone else as an employee. Limited liability companies, sole proprietorships, and close corporations all involve starting and running a business independent of an established brand or business model.

Which of the Following Forms of Organization Is a Compromise