Which of the following would be a disadvantage of a sole proprietorship?
a. limited liability
b. limited ability to raise funds to expand business
c. too many people involved in decision making
d. inability to produce more than one product
e. inability to advertise
B
You might also like to view...
Over a particular price range, if the quantity effect of a price decrease is larger than the price effect, it implies that:
A) demand is inelastic in the price range. B) demand is elastic in the price range. C) the demand curve is vertical in the price range. D) the demand curve is upward sloping in the price range.
What is opportunity cost?
What will be an ideal response?
In a closed economy, private saving, , is equal to
A) I - (G - T). B) I + (G - T). C) I + (G + T). D) I - (G + T). E) I + (G - T) + C.
A tit-for-tat strategy starts out
a. conciliatory and then encourages an optimal social outcome among the other players. b. unfriendly and then encourages friendly strategies among players. c. friendly, then penalizes unfriendly players, and forgives them if warranted. d. aggressive, then compensates losing players, and eventually forgives unfriendly players.