What is the significance of registering a business and obtaining necessary licenses? Option: To gain access to exclusive government grants, To secure favorable loan terms from banks, To establish legal legitimacy and compliance, To build a strong brand reputation

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What is the significance of registering a business and obtaining necessary licenses?

To gain access to exclusive government grants

To secure favorable loan terms from banks

To establish legal legitimacy and compliance

To build a strong brand reputation

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For businesses with employees, which of the following is typically mandated by law?

Obtaining a general business license to operate legally

Registering for payroll taxes with the appropriate authorities

Applying for a patent to safeguard intellectual property

Trademarking the company logo for brand protection

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What is the significance of maintaining financial documents?

"To avoid fines and delays in payments"

"To win lottery tickets"

"To impress financial advisors"

"To boast about one's wealth"

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What is the role of the Book Running Lead Manager (BRLM) in an IPO?

"To manage investor relations"

"To handle post-IPO share trading"

"To conduct due diligence and ensure compliance with regulations"

"To oversee marketing and advertising"

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In business, why is it essential to make a profit?

It increases the reputation of a company

It provides funds for future extension

All the above

It provides a return to investors.

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Why is conducting market research crucial in the initial stages of starting a business?

To identify potential legal challenges

To forecast long-term market trends

To understand customer needs and competition

To determine the most suitable business structure