__ 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 proprictorship? 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

__ 9. One advantage that small companies often have over large corporations is the ability to<br />C. respond quickly to changes in the market<br /><br />Small companies typically have less bureaucracy and more flexibility, allowing them to adapt swiftly to market changes.<br /><br />__ 10. Which of these is NOT an advantage of operating a business as a sole proprietorship?<br />B. unlimited liability<br /><br />Unlimited liability is a disadvantage of a sole proprietorship, as the owner is personally responsible for all debts and obligations.<br /><br />__ 11. FDIC is an acronym for which of the following?<br />A. Federal Deposit Insurance Corporation<br /><br />The FDIC is a U.S. government corporation providing deposit insurance to depositors in U.S. banks and thrifts.