Multiple Choice
Which of the following is a major advantage of the sole proprietorship?
A) separation of ownership and control
B) limited liability for business debt
C) transferability of ownership and firm continuity over time
D) ease of start-up
Correct Answer:
Verified
Correct Answer:
Verified
Q80: How are contracts enforced? <br>A) by the firms
Q81: What does the statement "Households maximize utility"
Q82: What kind of taxation principle is involved
Q83: What does rationality in the household decision-making
Q84: Which of the following is an advantage
Q86: Why do natural monopolies occur? <br>A) when government
Q87: Exhibit 3-2<br> <span class="ql-formula" data-value=" \begin{array}{lrrr}\text
Q88: Mr.Thomson has a before-tax income of $20,000,
Q89: Which of the following is the best
Q90: A example of a public good is