Question

1. Limited liability is the major advantage of forming a business as a corporation.

Select one:

a. FALSE

b. TRUE

2. __________________ are forces that occur outside of the business but affect the business and its owner:

Select one:

a. Controlled factors

b. Internal factors

c. Financial factors

d. Environmental factors

3. Entrepreneurs recognize an opportunity and start a business to take advantage of it.

Select one:

a. TRUE

b. FALSE

Answer 1

PLEASE RATE POSITIVE IF YOU LIKE MY ANSWER TO PROTECT MY EMPLOYMENT

1. True - Shareholders in a corporation are liable only upto the amount of their investment. Hence Limited Liability is a major advantage of forming a business as a corporation. Answer is Option (b)

2. Environmental Factors, also called external factors , business environmental factors or macro factors are forces that occur outside of the business but affect the business and its owners. Answer is option (d)

Controlled factors are variables that are kept constant during experimental research

Internal factors are forces inside the organization

Financial factors are internal forces

3. TRUE. Answer is option(a)

Entrepreneurs identify opportunities are start own ventures to capitalize on them