In comparison with the proprietorship form of business organization, forming a partnership offers which advantage? a. limited life b. legal liability of each partner for all of the debts c. combination of ability and experience of the partners d. simple transfer of interest in the partnership to outsiders

What two categories do strategic choices fall within? a. generic business strategies and cost leadership strategies b. business-level strategies and corporate-level strategies c. cost leadership strategies and corporate-level strategies d. diversification strategies and leadership strategies e. pricing strategies and cost-leadership strategies

Match the different taxes to the levels at which these taxes are levied on consumers and businesses national level/ national and local levels 1.sales tax 2.income tax 3.payroll tax 4.social security tax 4.property tax

If a society decides to produce consumer goods from its available resources, it is answering the economic question