What is a reason that owning a sole proprietorship business can be risky?

A.
You have limited decision-making capabilities.

B.
You cannot keep your profit.

C.
You cannot hire employees.

D.
There are limited financial resources.
D. There are limited financial resources.
Owning a sole proprietorship business can be risky because the owner is personally responsible for all the debts and liabilities of the business. This means that if the business fails or faces financial difficulties, the owner's personal assets may be at risk. Unlike other business structures, such as corporations or partnerships, sole proprietorships often have limited financial resources and may struggle to access additional funding or loans. This lack of financial resources can make it challenging to expand the business, invest in new opportunities, or weather unexpected financial setbacks.
Carrie wants to open a boat shop right next to the beach. What kind of utility is she implementing?

A.
Form utility

B.
Place utility

C.
Time utility

D.
Possession utility
B. Place utility
Carrie is implementing place utility by choosing to open her boat shop right next to the beach. Place utility refers to the value or usefulness a business creates by making a product or service available in a convenient location or specific place. In this case, Carrie is strategically locating her boat shop near the beach, where there is likely a high demand for boat-related products and services. By doing so, she is making it more convenient for beachgoers and potential customers to access and purchase what she offers.
What is an example of goods?

A.
Bank account

B.
Warranty

C.
Shoes

D.
Haircut
C. Shoes
An example of goods is shoes. Goods are tangible, physical products that can be bought or sold. They are items that people can physically touch, use, or consume. In this case, shoes are a tangible product that can be purchased, owned, and worn by individuals.
Which is an example of an electronic storefront?

A.
A taco stand

B.
A pet store

C.
An online bidding service

D.
A hair salon
C. An online bidding service
An example of an electronic storefront is an online bidding service. An electronic storefront refers to an online platform or website where businesses or individuals can showcase and sell their products or services. In this case, an online bidding service allows sellers to list their items for auction, and buyers can place bids to purchase those items. This type of platform operates entirely online and does not have a physical location like a taco stand, pet store, or hair salon.