9. One advantage that small companies often have over large corporations is the ability to A. raise significant amounts of capital B. wait out downturns in the economy C. respond quickly to changes in the market D. attract and retain the most qualified workers 10. Which of these is NOT an advantage of operating a business as a sole proprietorship? A. low setup costs B. unlimited liability C. ease of decision -making D. fewer legal requirements __ 11. FDIC is an acronym for which of the following? A. Federal Deposit Insurance Corporation B. Financial Dividend Interest Certification C. First Department of Insurance Commissioners D. Federal Department of Investments and Currency

Question

9. One advantage that small companies often have over large corporations is the ability to A. raise significant amounts of capital B. wait out downturns in the economy C. respond quickly to changes in the market D. attract and retain the most qualified workers 10. Which of these is NOT an advantage of operating a business as a sole proprietorship? A. low setup costs B. unlimited liability C. ease of decision -making D. fewer legal requirements __ 11. FDIC is an acronym for which of the following? A. Federal Deposit Insurance Corporation B. Financial Dividend Interest Certification C. First Department of Insurance Commissioners D. Federal Department of Investments and Currency

Answer 1

9. C. respond quickly to changes in the marketSmall companies often have the advantage of being able to respond quickly to changes in the This is because they typically have less bureaucracy and fewer layers of management, which allows them to make decisions and implement changes more swiftly than larger corporations.10. B. unlimited liabilityOperating a business as a sole proprietorship has several advantages, such as low setup costs, ease of decision-making, and fewer legal requirements. However, one disadvantage is the unlimited liability, which means the owner is personally responsible for all debts and obligations of the business.11. Federal Deposit Insurance CorporationFDIC stands for the Federal Deposit Insurance Corporation. It is an independent agency of the United States government that provides deposit insurance to protect depositors in case of bank failures.

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