Licensing is an excellent option for an entrepreneur to Blank______.Multiple choice question.increase employmentdeal with overzealous employeesincrease revenueengage in a sole proprietorship

Identify a true statement about licensing.Multiple choice question.It reduces revenue.It involves costly startup investment.It involves high risk.It is a powerful marketing tool.

Multiple Choice QuestionWhat is a disadvantage of sole proprietorship?Multiple choice question.Unlimited liabilityLimited government regulationYou get to keep your profitsTaxed at a lower rate

Multiple Choice QuestionIt is easy to start a sole proprietorship because ______.Multiple choice question.you do not have to adhere to any government regulationsyour partners do not vote or have limited votingthe only requirement is the disclosure of the business' financial statementsit may only require a simple permit or license to start

Multiple Choice QuestionFor a small business entrepreneur, independence refers to ______.Multiple choice question.freedom from government regulationsremoval of tax liabilitybeing your own bossnot having to work with anyone else

Multiple Choice Question______ use a company's existing resources to launch new products and generate new profits. They are the creative people who work as entrepreneurs within corporations.Multiple choice question.EntrepreneursIntrapreneursFranchisersFranchisees