1.State in your own words why limited liability is such an important aspect of modern day corporations.

2.Electric utility companies often times begin to run low on the power necessary to fulfill all of their customers' needs, sometimes causing rolling blackouts. How could an electric utility company solve this problem?

3.List what you think would be three of the most important advantages of owning your own business.

4.List five potential opportunity costs of owning your own business.

5.What are 2 opportunity costs for attending school full time? Why are you willing to accept these opportunity costs to attend school?

When choosing a stock in which to invest, what does the PE ratio mean? Why is this important (you might want to Google a search for this answer)? Based upon this answer, and possibly other data, choose a stock purchase from the NASDAQ index (nasdaq.com) and explain why you've chosen this stock to purchase.