Question

question 47 (1 point)
an important source of public scrutiny is watchdogs. these are
the combined members of a firms competitors and external stakeholders.
taxpayer - supported government agencies that limit a firms ability to compete
in foreign markets.
local and federal legislators who oversee al companies and organizations.
socially conscious groups that monitor how well companies enforce their
ethical and social responsibility policies.
question 48 (1 point)
the __________ is the most common form of business ownership.
partnership
corporation
joint venture
sole proprietorship
question 49 (1 point)
one of the major disadvantages of a sole proprietorship is the
possibility of disagreements between owners.
unlimited liability the owner has for the debts of the firm.
threat of double taxation on income.
high cost of starting or ending the company.

Explanation:

• Question 47: Watchdogs in a business context are typically socially conscious groups. Competitors and external stakeholders (first option) may not have a unified role as watchdogs. Taxpayer - supported government agencies in foreign markets (second option) are not the general definition of watchdogs. Local and federal legislators (third option) have a broader regulatory role rather than specifically monitoring ethical and social responsibility like watchdogs. Socially conscious groups that monitor ethical and social responsibility (fourth option) align with the concept of watchdogs.
• Question 48: A sole proprietorship is the most common form of business ownership. A partnership (first option) requires at least two owners. A corporation (second option) has more complex legal and administrative requirements. A joint venture (third option) is a temporary business collaboration. A sole proprietorship (fourth option) is simple to set up, which contributes to its prevalence.
• Question 49: In a sole proprietorship, the owner has unlimited liability. There are no other owners (so no possibility of disagreements between owners - first option). Double - taxation (third option) is more of a corporation issue. The cost of starting or ending a sole proprietorship (fourth option) is relatively low compared to other business forms. Unlimited liability (second option) means the owner's personal assets can be used to settle business debts.

Answer:

• Question 47: socially conscious groups that monitor how well companies enforce their ethical and social responsibility policies.
• Question 48: sole proprietorship
• Question 49: unlimited liability the owner has for the debts of the firm.