NEED AN ANSWER ASAP 1. Which disadvantages can happen in a sole proprietorship?

Choose exactly two answers that are correct.

An owner is personally liable for business debts.

All profits go to shareholders.

Raising financial capital is difficult.

Making operational changes is challenging.

2. Which people within a corporation hire and manage the heads of departments?

the presidents

workers

the vice presidents

shareholders

3.Which people represent shareholders within the corporate structure?

department heads

the board of directors

presidents

workers

4.Which type of business can most easily raise financial capital?

a corporation

a sole proprietorship

a limited partnership

a general partnership

5.Which kind of union represents an autoworker?

industrial union

mechanical union

trade union

government union

6.Which tool can management use against labor during negotiations?

lockout

strike

picketing

boycott

7.What is the purpose of a strike?

to protest a lockout

to invite a neutral third party to propose a labor agreement

to cost a company so much money that it must give in

to obtain an injunction that forces a company to settle

8.When is mediation typically used?

when two sides are unable to reach an agreement

when a lockout is announced

when shareholders elect a new board of directors

when the government opposes a strike

9.Which responsibility do businesses have to their consumers?

to provide goods instead of services

to sell safe products

to sell products for the lowest possible price

to publicize all financial transactions

10.Why are publicly traded corporations required to release financial reports on a regular basis?

so the government can determine the corporate taxes owed

because shareholders are entitled to transparency

because it would be impossible to raise financial capital otherwise

so owners know when it is time to hire a new board of directors

11.Which service is provided by the government as a public good?

telephone service

military equipment and weapons

police protection

work boots for public employees

12.Which law did the government pass in order to encourage competition in the economy?

the Contraction Act

the Federal Anti-monopoly Act

the Sherman Antitrust Act

the Civil Rights Act

13.Which government agency regulates businesses in order to protect competition in the marketplace?

Environmental Protection Agency (EPA)

Federal Trade Commission (FTC)

Occupational Safety and Health Administration (OSHA)

Consumer Product Safety Administration (CPSC)

14.Why is it important to measure the performance of the economy?

to help government planners make good decisions

to encourage low-risk investments

to keep prices low

to protect the savings of bank depositors

15.Why are bear markets linked to recessions?

Shareholders have little confidence in the economy.

Investors are confident that the economy will soon grow.

Investors attempt to ensure corporate growth.

Shareholders want stock in new corporations.