Question

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

Answer 1

A franchise is a compromise between starting one's own business as an entrepreneur and working for someone else as an employee.

Step-by-step explanation:

The form of organization that is a compromise between starting one's own business as an entrepreneur and working for someone else as an employee is a franchise.

A franchise is a legal and commercial relationship between the owner of a trademark, brand, or trade name (the franchisor) and an individual or group (the franchisee) who wants to operate a business using that trademark, brand, or trade name. The franchisee pays a fee or royalty to the franchisor for the rights to use their business model and brand, and in return, they receive support and guidance.