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Figure 22-1
In the accompanying figure, what do float switches FS1 and FS2 do?
Sole Proprietorship
A business structure where a single individual owns, manages, and is responsible for all aspects of the business, including debts and liabilities.
Disadvantages
The negative aspects or drawbacks associated with a situation, decision, or action that may affect desired outcomes negatively.
Advantages
The beneficial aspects or positive outcomes that result from specific actions, strategies, or situations.
Equity Financing
is the process of raising capital through the sale of shares in an enterprise, effectively exchanging ownership rights for funding.
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