Jeremy Is Thinking of Starting Up a Small Business Selling

question 199

Multiple Choice

Jeremy is thinking of starting up a small business selling NASCAR memorabilia.He is considering setting up his business as a sole proprietorship.What is one advantage to Jeremy of setting up his business as a sole proprietorship?

• A)As a sole proprietor, Jeremy would face limited liability.
• B)As a sole proprietor, Jeremy would have the ability to share risk with shareholders.
• C)As a sole proprietor, Jeremy would have both ownership and control over the business.
• D)All of the above would be advantages of setting up his business as a sole proprietorship.

Grasp the lifestyle of southern slaveholders and their paternalistic ideology.

Analyze the significance of Nat Turner's rebellion and the African-American adoption of Christianity.

Understand the dynamics of the husband-and-wife relationship within the planter class and compare it with that within a slave family.

Understand the nature and extent of slave resistance and the objectives behind such resistance.

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Definitions:

Horizontal Integration

A strategy used by businesses to increase their market share by acquiring or merging with competitors operating at the same level of the supply chain.

Supply-Chain Strategy

Planning and management of all activities involved in sourcing, procurement, and logistics management activities.

Vertical Integration

The expansion of a company's operations into different stages of production within the same industry, usually to increase control over the supply chain.

Cost-Based Price Model

A pricing strategy where the selling price is determined by adding a mark-up to the total cost of production.