Javier wants to start a microbrewery business and is thinking of setting it up as a sole proprietorship
What are the advantages and disadvantages he will face by setting up the business as a sole proprietorship as opposed to a partnership or a corporation?
As a sole proprietorship, Javier has the advantages of having complete control of the business and would not face layers of management, as well as facing the easiest type of business to set up. The disadvantages include unlimited personal liability and the limited ability to raise funds (as are true with a partnership as well).
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Contractionary fiscal policy
What will be an ideal response?
If the demand for donuts is elastic, then a decrease in the price of donuts will
a. increase total revenue of donut sellers. b. decrease total revenue of donut sellers. c. not change total revenue of donut sellers. d. There is not enough information to answer this question.