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AnswersPersonal Financial and Money Management 21023710 BCPS 2026-27Labor

Labor Answers

3 verified answers
1
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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.

A
It can be inexpensive and easy to set up.
B
Decisions are in the hands of many people.
C
The owner is not liable for the company’s debts.
D
Many types of business taxes are not required.
E
Owners can keep profits for themselves.
2
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Now that their business has become a separate legal entity, Janet and Jose are for the company's debts.

A
no longer responsible
B
now responsible
C
able to eliminate
3

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

A
sell products
B
advertising
C
selling stock

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