Question

1. a zoning law is a(n)

a authorization to start a business issued by the local government.
b authorization to build or remodel an existing building on a property.
c law that requires a business owner to pay his or her debts.
d law in a city or town that designates separate areas for residency and for business.

1. assets are

a a business organization owned by two or more persons who agree on a specific division of responsibilities and profits.
b assessments on a partnership such as taxes.
c a type of partnership in which partners share equally in both responsibilities and liabilities.
d money and other valuables belonging to an individual or business.

1. which of the following is required to start up a sole proprietorship type of business?

a you can respond quickly to changes in the marketplace.
b you have unlimited personal liability.
c you are exempt from your citys zoning laws.
d there are minimal start - up costs.

1. which is not an advantage of a partnership?

a conflicting ideas
b ease of start up
c shared decision making
d taxation

Explanation:

5.

A zoning law is a law in a city or town that designates separate areas for residency and for business. Option A is a business license, option B is a building permit, and option C is about debt - payment law.

Assets are defined as money and other valuables belonging to an individual or business. Option A is a partnership, option B is about partnership assessments, and option C is a type of partnership.

To start a sole proprietorship, there are minimal start - up costs. Option A is an advantage (quick response to market changes) but not a requirement. Option B (unlimited liability) is a characteristic, not a requirement. Option C is incorrect as sole proprietors are not exempt from zoning laws.

Answer:

D. law in a city or town that designates separate areas for residency and for business.

6.