A Small Group of Entrepreneurs Undertaking a Business Venture Have

Multiple Choice

A small group of entrepreneurs undertaking a business venture have agreed on the roles each will assume in the business,but they must now determine the form of business structure for the enterprise.What does the law facilitate by offering entrepreneurs different business structure options?

A) choice of degree of exposure to liability for business risks
B) rules that make written agreements between parties binding
C) opportunities to maximize the protections that the law extends
D) legal certainty for activities conducted in the commercial arena