Avery wants to go into business as Boom! to make and market fireworks. When deciding which form of business organization would be most appropriate, Avery would normally take into account all of the following except
A) the liability of the owners.
B) the forms of competitors' business organizations.
C) tax considerations.
D) the need for capital.

Question

Avery wants to go into business as Boom! to make and market fireworks. When deciding which form of business organization would be most appropriate, Avery would normally take into account all of the following except​
A) ​the liability of the owners.
B) ​the forms of competitors' business organizations.
C) ​tax considerations.
D) ​the need for capital.

Quizplus · Accepted Answer

While liability, tax considerations, and the need for capital are all important factors in deciding on a business organization, the forms of competitors' business organizations would not normally be a factor. Avery would want to choose a form of organization that fits the needs of Boom! and allows it to compete effectively in the fireworks industry.

Avery Wants to Go into Business as Boom! to Make