One advantage of a proprietorship is that
A) it is relatively easy to raise financial capital for a proprietorship.
B) a proprietorship is relatively easy to form and to dissolve.
C) there are limits to the possible liabilities of the owner.
D) depreciation rates on capital are higher.
Answer: B
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Which of the following is a factor that is relevant to country risk analysis?
A) political uncertainty B) external debt C) economic growth D) all of the above.
The prisoners' dilemma is an important game to study because
a. most games present zero-sum alternatives. b. it identifies the fundamental difficulty in maintaining cooperative agreements. c. strategic decisions faced by prisoners are identical to those faced by firms engaged in competitive agreements. d. all interactions among firms are represented by this game.