1. Your best friend wants to start a car detailing business to pay for college. Which of the following is an advantage of sole proprietorships that he should consider?
a- Easy to form
b- Unlimited life
c- Access to capital
d- Limited liability
2. The measure of dispersion calculated as the difference between the maximum and minimum values is best described as the:
a- variance.
b- range.
c- standard deviation.
d- ex post standard deviation.