2. People go into business for themselves because:
a. they want to set their own schedules
b. they hope to pursue a personal dream
c. they want to work at home but still earn an income
d. all of the above
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Answer:
c).......................
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Answer:d. all of the above
People go into business for themselves because of all the reasons mentioned:
- They want to set their own schedules
- They hope to pursue a personal dream
- They want to work at home but still earn an income
Explanation:
- People have varied motivations for doing business as we are individuals with our own ideas, mindset, and opinions.
- Making a living or earning money via the production, acquisition, and sale of goods and services is known as business, which is defined as "any activity or venture entered into for profit."
- The owner of the business is responsible and liable for any obligations made by the business as the business entity is not legally distinguished from the owner by the use of a business name.
- In the event that a firm accrues debt, creditors may seize the owner's personal property.
- Corporate tax rates are not permitted in a firm structure.
- All business income is subject to personal taxation for the proprietor.
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