Which of the following is an advantage of starting a new business as a sole proprietorship?
A) The owner has limited personal liability.
B) Business profits are not taxed.
C) A sole proprietorship has few government rules and regulations to comply with.
D) A sole proprietorship can easily attain additional funding.
C
You might also like to view...
In the negative income tax framework, a break-even point of $16,000 and a tax rate of 25 percent imply a guarantee of which of the following figures?
A. $4,000 B. $8,000 C. $12,000 D. $16,000
During inflationary periods
A. all prices rise at the rate of inflation. B. real wages must necessarily decline. C. some prices may fall. D. relative prices do not change.
The following table shows the units of output a worker can produce per month in country A and country B. Country Food Electronics Country A 20 5 Country B 12 4 Which of the following statements about absolute advantage is true?
A. Country A has the absolute advantage in the production of food while country B has the absolute advantage in the production of electronics. B. Country A has the absolute advantage in the production of both food and electronics. C. Country B has the absolute advantage in the production of both food and electronics. D. All of these.
Many economists suggest that absent legal mechanisms of discrimination, the wage paid to whites and blacks will converge because
A. employers will feel guilty about hiring only whites. B. if employers can hire whites and blacks at the same wage, they will hire equal numbers. C. employers will feel guilty about paying whites more when other firms pay equally. D. it will be in the interest of profit-minded employers to hire blacks, thus bidding up their wages.