Regulatory Policy

Question 1

What are the primary advantages to choosing a sole proprietorship? Select all that apply.It can be inexpensive and easy to set up.Decisions are in the hands of many people.The owner is not liable for the company’s debts.Many types of business taxes are not required.Owners can keep profits for themselves.

Revolt · Accepted Answer

It can be inexpensive and easy to set up.; Many types of business taxes are not required.; Owners can keep profits for themselves.

Question 2

As a corporation, they can raise capital by to new shareholders.

Revolt · Accepted Answer

selling stock

Question 3

To begin their corporation, they must first .

Revolt · Accepted Answer

register with the state

Question 4

Now that their business has become a separate legal entity, Janet and Jose are for the company's debts.

Revolt · Accepted Answer

no longer responsible

Question 5

What are the primary advantages to owning a franchise? Select all that apply.The franchisor provides brand-name recognition and marketing plans.Franchises are inexpensive to start up and run.The franchisor assumes all the risk in the business.The franchisor provides training, management assistance, supplies, and a product.Franchisees keep all their profits for themselves.

Revolt · Accepted Answer

The franchisor provides brand-name recognition and marketing plans.; The franchisor provides training, management assistance, supplies, and a product.

Regulatory Policy Answers

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