The major advantage of a sole proprietorship is:
A) Limited liability.
B) Easy to raise capital.
C) Easy to create.
D) Need not file under a fictitious name statute.
C
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What will be an ideal response?
The largest organized echange, listing the largest firms is
a. New York Stock Exchange. b. American Stock Exchange. c. Midwest Stock Exchange. d. Pacific Stock Exchange.
In the network diagram for the following list, what activity immediately follows activity B? Activity Immediate Predecessor A - B A C A D B,C E D F D G E,F H G
a. A b. D c. C d. none, B is the starting activity
A potential disadvantage of forward contracts versus futures contracts is:
A) the extra liquidity required to cover the potential outflows that can occur prior to delivery. B) the higher incentive for a particular party to default. C) that the buyers and sellers don't know each other and never meet. D) the obligatory requirements rather than the optional opportunities. E) the increased ability to close out a position prior to expiration.