1) How did the recession of 20072009 compare with other recessions since the Great Depression in terms of length? (LO1-3)

2) What effect did the recession of 20072009 have on government regulation? (LO1-3)

3) What advantages does a sole proprietorship offer? What is a major drawback of this type of organization? (LO1-2)

4) What form of partnership allows some of the investors to limit their liability? Explain briefly. (LO1-2)

5) In a corporation, what group has the ultimate responsibility for protecting and managing the stockholders interests? (LO1-2)