SOPHIA PATHWAYS Introduction to Business Milestone 1. Complete with Answers

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SOPHIA PATHWAYS Introduction to Business Milestone 1. Complete with Answers.19 questions were answered correctly. 1- Which of the following is a disadvantage of a sole proprietorship? ● May have a... more complicated tax structure ● May have difficulty raising money for business operations ● May have problems resulting from frozen investments ● May have issues with government regulations CONCEPT Non-Corporate Business 2- Which of the following is true regarding a mixed market economy? ● Central government authority owns and operates certain types of businesses. ● Prices and production of goods are determined by a central planning authority. ● Some pricing fluctuates while other pricing is controlled by the government ● Prices and production of goods are based on supply and demand. CONCEPT Economic Systems Raul owned a small graphic design business. He used 3-D software and computers to create animations for his clients. 3- Which factor of production do the computers represent? ● Human resource ● Information resource ● Physical resource ● Capital CONCEPT Economic Systems A toy company created a new truck to offer to consumers. [Show More]

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