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Why should an entrepreneur know laws and rules?

Answer and explanation

Correct answer: So the business can operate legally

Knowledge of applicable laws and rules helps an entrepreneur register and operate the business properly, follow safety and labour requirements, protect customers, maintain records, and meet tax or licensing duties where applicable. Compliance does not mean avoiding taxes or removing competitors. It supports lawful, responsible, and trustworthy business activity.

Related tags

Business LawsLegal ComplianceResponsibilityIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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