Question

PLZ help with Econ
1. Any establishment formed to carry on commercial enterprises is a
a. partnership.
b. business organization.
c. sole proprietorship.
d. corporation.

Answer 1

2. All of the following are major advantages of a sole proprietorship except
a. ease of starting the business.
b. the owner has full control.
c. the possibility of fast, flexible decision making.
d. unlimited personal liability.

3. If a sole proprietorship fails, the owner of the business
a. must pay all of the business debts.
b. must pay off the investors.
c. has to do elaborate legal work to close the business.
d. can close the business with no payments to anyone.

4. A major disadvantage of the sole proprietorship is that
a. the business cannot be sold if it does well.
b. the business can be difficult to relocate.
c. banks are often unwilling to lend money to the business.
d. no one can work for the business owner.

5. A major advantage of a sole proprietorship is that
a. the owner is completely responsible for the business decisions.
b. the owner has no liability for the debts of the business.
c. the owner must be able to maintain and run the business independently.
d. it is relatively easy to borrow money for the business.

Answer 2

i know that 1 and 4 are b but i dont know about the others

Answer 3

for q' 3 its C & for q' 5 is A

Answer 4

the correct answers are:
1 B
2 D
3 A
4 C
5 A

Answer 5

Terezi is right, 100% correct.