Overhead costs for small businesses: A) tend to be much higher ...

[ENagel]

Overhead costs for small businesses:
 A) tend to be much higher than they are for large businesses as a percentage of total expenses.
  B) are about the same as they are for big companies when measured as a percentage of total expenses.
  C) are often lower than they are for big companies, giving small businesses a competitive opportunity.
  D) primarily arise because small businesses must hire many consultants and advisers from outside.

Question 2

A corporation whose stock can be purchased by anyone and is traded in stock markets is known as a(n)
 A) sole proprietorship.
  B) S-corporation.
  C) closed corporation.
  D) open corporation.
  E) not-for-profit corporation.

[aruss1303]

Answer to Question 1

C

Answer to Question 2

D