5. Entrepreneurs would most likely be involved in which of the following activities? A. collecting taxes and enforcing tax codes B. directing the country's military operations C. organizing resources to create new businesses D. making economic decisions for the government 6. The FDIC encourages savings by A. promoting investment in stocks and bonds B. offering high interest rates to bank customers C. guaranteeing the safety of most bank deposits D. advertising the importance of financial planning Company A agrees to sell John one of its electronics stores. - John is permitted to operate the store under Company A's name. - John will be required to pay a monthly fee to Company A. __ 7. Based on the information above, the business that John bought is most likely a A. cooperative B. corporation C. franchise D. partnership 8. Which of these is a primary advantage of the corporation as a business form? A. greater legal liability for the owners B. equal division of owner responsibilities C. limited financial liability for the owners D. easy for owners to establish and maintain

Question

5. Entrepreneurs would most likely be involved in which of the following activities? A. collecting taxes and enforcing tax codes B. directing the country's military operations C. organizing resources to create new businesses D. making economic decisions for the government 6. The FDIC encourages savings by A. promoting investment in stocks and bonds B. offering high interest rates to bank customers C. guaranteeing the safety of most bank deposits D. advertising the importance of financial planning Company A agrees to sell John one of its electronics stores. - John is permitted to operate the store under Company A's name. - John will be required to pay a monthly fee to Company A. __ 7. Based on the information above, the business that John bought is most likely a A. cooperative B. corporation C. franchise D. partnership 8. Which of these is a primary advantage of the corporation as a business form? A. greater legal liability for the owners B. equal division of owner responsibilities C. limited financial liability for the owners D. easy for owners to establish and maintain

Answer 1

5. C6. C7. C8. C

Answer 2

## Step1For question 5, we need to identify the activity that best describes the role of an entrepreneur. Entrepreneurs are known for their ability to organize resources to create new businesses. They are not typically involved in activities such as collecting taxes, directing military operations, or making economic decisions for the government.## Step2For question 6, we need to identify how the Federal Deposit Insurance Corporation (FDIC) encourages savings. The FDIC is known for guaranteeing the safety of most bank deposits, which encourages savings by providing a sense of securityors.## Step3For question 7, we need to identify the type of business John bought based on the given information. The fact that John is allowed to operate the store under Company A's name and is required to pay a monthly fee to Company A suggests that John has bought a franchise.## Step4For question 8, we need to identify a primary advantage of the corporation as a business form. One of the primary advantages of a corporation is the limited financial liability for the owners. This means that the owners' personal assets are protected from the corporation's debts and liabilities.

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