Answer to Question #184003 in Economics for Rearabetswe Maleka

Question

The bank was impressed with Peter’s application for finance and business plan. However, they 

suggested that he first register his business as a private company. Registering his company in

South Africa means that Peter will have to adhere to _______________ legal prescriptions and he 

will incur _______________ costs in the process.

1 many; minimal

2 few; minimal

3 many; considerable

4 few; considerable

Answer 1

Registering his company in South Africa means that Peter will have to adhere to many legal prescriptions and he will incur minimal costs in the process.

So, the correct answer is 1.