What is the main advantage and the main disadvantage of organizing a businesses as either a proprietorship or as a partnership rather than as a corporation?
What will be an ideal response?
The main advantage of a proprietorship and partnership is that income is taxed only once by the personal income tax imposed on the owner's income. The main disadvantage of a proprietorship and partnership is that the owner(s) have unlimited liability.
Economics
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Which of the following is likely to have the smallest price elasticity of demand?
A) an automobile B) a new automobile C) a new Ford automobile D) a new Ford Mustang
Economics
Which of the following is NOT an advantage of inflation targeting?
A) reduction of the time-inconsistency problem B) increased monetary policy transparency C) There is an immediate signal on the achievement of the target. D) consistency with democratic principles
Economics