Question

1. The availability of credit is a major factor in a capitalistic society. The availability of credit is a major factor in a capitalistic society.

True or false?

2. The sole proprietorship business model represents single-person ownership and offers the advantages of simplicity of decision making and low organizational and operating costs.

True or false?

3. A company performs an IPO (Initial Public Offering) in the secondary markets.

True or false?

Answer 1

1. The statement is true that the availablity of credit is a major factor in a capitalistic society as credit serves as an important factor to accumulate capital. In capitalism business owners own capital and hire workers to produce and thus its an important factor for making profits.

2. The statement is true. This is because sole proprietorship represents an individual ownership in a business and the business decisions made are simpler, doesn't require approval of partners and there is no profit sharing

3. The statement is false .

Ipo perform in the primary market.

Fpo perform in secondary market

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