Dax is evaluating the options between starting a business by himself or with a friend. In most situations, Dax prefers to be in charge; however, his friend has some expertise that would likely be helpful in running the business. Dax is carefully considering the pros and cons associated with the different types of business ownership. As he evaluated his options, what key questions should he answer to help him determine if starting a business with his friend meets his needs?

Question

Dax is evaluating the options between starting a business by himself or with a friend. In most situations, Dax prefers to be in charge; however, his friend has some expertise that would likely be helpful in running the business. Dax is carefully considering the pros and cons associated with the different types of business ownership. As he evaluated his options, what key questions should he answer to help him determine if starting a business with his friend meets his needs?
A. How much control of the business do you want?
B What do you want to name the business 
C. how will you determine where to market your product 
D. what do you want to pay to set up the business

GPT-4o mini · Answer

To help Dax determine if starting a business with his friend meets his needs, he should focus on questions that directly relate to control, collaboration, and his long-term goals for the business. Among the provided options, the most relevant question would be:

A. How much control of the business do you want?

This question addresses Dax's preference for being in charge and would help him evaluate how a partnership with his friend might affect his level of control over business decisions. It opens up discussions on decision-making authority, responsibilities, and how their roles would be structured within the company.

The other options (B, C, and D) are important considerations for starting a business but are not as directly tied to the fundamental partnership decision he is facing.