In order to start business, a sole proprietor has to complete a lot of formal documentation and obtain all the necessary licenses. Question 1Select one: True False The Securities and Exchange Commission was created by the Securities Act of 1933.

Question 2Select one:

True

False It is up to federal judges to decide if the defendants deserve sentences longer or shorter than the ranges in the sentencing guidelines for federal crimes.

Question 3Select one:

True

False Conspiracy always requires a formal agreement between the people involved in it.

Question 4Select one:

True

False According to the Jumpstart Our Business Startups Act of 2012, companies are allowed to raise up to $1 million by selling securities through crowdfunding platforms in a 12-month period.

Question 5Select one:

True

False