What is the key advantage of the Sole Proprietorship, beyond the simplicity of the commencement of the operation?

A. the sole proprietor is 100% personally exposed to the liabilities incurred by the business
B. the sole proprietor has 100% control of the business
C. the skill set of the business is limited to the skills possessed by the sole proprietor
D. no real creation of a separate legal business entity
E. limited to their personal capacity to invest and/or borrow money

Ans: B. the sole proprietor has 100% control of the business

Business

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To assure you are secure and safe at your office, you should

A) be aware of any procedures established to safeguard your personal security in your office setting. B) not take security for granted. C) be sure to lock your office door when you leave for lunch or to attend meetings. D) All of the above.

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An investor purchased 20,000,000 Japanese yen at an exchange rate of 101.31 yen to the dollar. The yen cost her ________. Round answer to the nearest dollar

A) $202,620 B) $19,741 C) $197,414 D) $20,262,000

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