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Questions and Answers
What is the key advantage of sole proprietorships?
Which type of partnership provides partners with limited liability?
What distinguishes a corporation from other forms of business ownership?
What type of corporation is Apple considered?
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In a general partnership, what is the extent of partners' liability?
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What is the primary interest of co-operatives in terms of ownership?
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What is the formula to calculate profit in a business?
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Which economic resource refers to the people who create goods and services?
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What type of resource refers to materials that come from the earth, water, and air?
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Why do many people become entrepreneurs according to the text?
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Which term best describes products or technologies that are no longer used or produced?
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What differentiates a need from a want?
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