Question 13.13.( TCO 3) In 1948, a global forum was created whose purpose it was to reduce trade restrictions on goods, services, ideas, and cultural programs. The results of the efforts of this organization include which?( Select all that apply.)( Points: 5)
The creation of regional alliances Reduction of tariffs an average of 38 % worldwide Expansion of new trade rules to areas like agriculture The protection of patents Overcoming constraints and decrease business opportunities
Question 14.14.( TCO 4) The disadvantages of sole proprietorships are which?( Select all that apply.)( Points: 5)
Risk of personal success Risk of personal loss Unlimited financial resources Few or no fringe benefits Unlimited life span
Question 15.15.( TCO 4) A limited liability company has which of the following advantages?( Select all that apply.)( Points: 5)
Limited liability Choice of taxation Flexible ownership rules Self-employment taxes