Which of the following is a realistic concern faced by the owners of sole proprietorships?~ Answer.D
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Three partners have formed a limited partnership with two limited partners each earning 5% of the profits and the general partner earning 90%. While the general partner enjoys greater earnings, what is the disadvantage of being a general partner?~ Answer.C
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If a corporation were interested in raising funds without affecting the level of ownership that each shareholder currently enjoys, which of the following actions might be taken?~ Answer.C
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Four friends would like to sell their hand-crafted goods in an online store. After pooling their resources, they discover that they have more than enough in savings to cover the costs of starting and operating the business. All four friends will contribute to the daily operation of the business, and each would like the ability to make business decisions of their own. Which of the following business structures would be preferable?~Answer.D
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Why might a potential business owner consider purchasing a franchise license?~Answer.D
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Why might a potential business owner consider purchasing a franchise license?~Answer.D
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In the market for labor, the demand curve slopes downward. This is due to which of the following facts?~Answer.D
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Which of the following would cause the equilibrium wage rate to increase and the equilibrium quantity of labor to decrease?~Answer.B
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Identify the definition of the learning effect.~Answer.C
4 answers
Answer: (If the business becomes unable to pay its debts, the owner may have to sell personal assets to cover the debt payments.)
What scares away most potential entrepreneurs?
Answer: (the potential for debt if their business attempt is unsuccessful)
Three partners have formed a limited partnership with two limited partners each earning 5% of the profits and the general partner earning 90%. While the general partner enjoys greater earnings, what is the disadvantage of being a general partner?
Answer: (The general partner has unlimited liability.)
If a corporation were interested in raising funds without affecting the level of ownership that each shareholder currently enjoys, which of the following actions might be taken?
Answer: (selling bonds)
In the market for labor, the demand curve slopes downward. This is due to which of the following facts?
Answer: (Firms will hire fewer workers at higher wages.)
Which of the following would cause the equilibrium wage rate to increase and the equilibrium quantity of labor to decrease?
Answer: (a decrease in the labor supply)
Which of the following has contributed to the decline in private sector union membership within the United States over the past few decades?
Answer: (The number of workers in manufacturing has fallen.)
Identify the definition of the learning effect.
Answer: (the method by which education increases productivity and results in higher wages for workers)
Why did the United States economy shift away from manufacturing and toward information-based technology?
Answer: (Consumer demand for information-based technology increased greatly.)
Explain why a town might prefer to have its schools run by the county and explain why a town might prefer to tax and run the schools locally.
Answer: (Since the tax base on a county level is much larger, schools might have more consistent funding and possibly higher funding if the local area has a lower income. However, the school might prefer to tax and run the schools locally because that might give them more control and possibly higher funding if the local area has a higher income.)
Among local governments (town or county), state governments, and the federal government, which offers military service to its constituents?
Answer: (Military service is offered by state governments and the federal government, but it is not offered by local governments.)
What is licensing?
Answer: (Licensing is the authorization of an individual or entity to engage in a specific practice.)
What type of transportation represents the greatest potential for new economic growth in New Mexico?
Answer: (private space)
D the general partner has unlimited liability
C selling Bonds
A a general partnership (Four Friends)
B Franchisors have done the work
A firm's will hire fewer workers at higher wages
C a decrease in labor supply
C workers in manufacturing has fallen
A the method by which education increases productivity
1 answer