Shontae wants to start a pet hotel and is thinking of setting it up as a partnership with her sister Victoria
What are the advantages and disadvantages she will face by setting up the business as a partnership as opposed to a sole proprietorship or a corporation?
As a partnership, Shontae has the advantages of being able to share the work and risks involved with the business. The disadvantages include unlimited personal liability and the limited ability to raise funds (as are true with a sole proprietorship as well).
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If the maximum price a person is willing and able to pay for a good is $50, and consumers' surplus is $20, then it follows that the price the buyer paid for the good is
A) $20 B) $70 C) $50 D) $30 E) There is not enough information to answer the question.
The Security Market Line depicts the relationship between the:
A. average expected rate of return on stocks and the average expected rate of return on bonds. B. average expected rate of return of a financial asset and the discount rate. C. risk level of a financial asset and the prime interest rate. D. average expected rate of return and risk level of a financial asset.