A ________ Process for Sole Proprietorships Is Used to Control

question 3

Multiple Choice

A ________ process for sole proprietorships is used to control or restrict certain types of businesses, such as door-to-door sales, credit information services, moneylenders, hotels, and cabarets.

• A) licensing
• B) business activity
• C) liability
• D) finance
• E) risk management

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Definitions:

Short-Term Financing

A type of corporate financing used to cover immediate financial needs and is typically due for repayment within a year.

ROE

Equity Return, which determines financial success by dividing the net income by the equity of the shareholders.

Short-Term Debt

Debts or loans that are due for repayment within one year.

Blanket Inventory Lien

A security interest granted by a borrower to a lender, covering all of the borrower's inventory.