Final answer:
A franchise is the business structure that serves as a compromise between starting an independent business and working as an employee, offering the stability of a larger brand with the independence of owning a business. The correct option is d.
Step-by-step explanation:
The form of organization that represents a compromise between starting one's own business as an entrepreneur and working for someone else as an employee is a d. Franchise. A franchise allows individuals to operate their own business under the umbrella of a larger company's brand and business model.
This provides the franchisee with the benefits and support of the franchisor, such as brand recognition, operational guidelines, and marketing strategies, which can be less risky than starting a business from scratch.
Meanwhile, the franchisee maintains a level of independence in running the day-to-day operations and can benefit from the success of their individual location(s).
Other forms of business organizations include sole proprietorships, partnerships, and corporations. Sole proprietorships are owned and operated by one person and are very easy to start, whereas partnerships involve two or more people sharing ownership and responsibility.
Corporations are more formal legal entities that offer limited liability protection to their owners, but they require more regulations and procedures to establish and operate. The correct option is d.