IN Paragraph Styles 14. Which of the following types of ownerships gives an entrepreneur more protection as it has limited liability a) Sole proprietor c) Corporation b) Partnership d) All of above have limited liability 15. Which of the following is NOT a stage found in the life cycle of an entrepreneurial firm? a) Birth stage c) Breakthrough stage b) Maturity stage d) Break even stage 16. A budget that requires managers to start over every period and justify every dollar of spending. a) Fixed budgeting c) Zero- based budgeting b) Flexible budgeting d) None of the above 17. Which of the following factors influence the ethical behaviour of an individual? a) Situational c) The internal environment of the firm b) The person d) All of the above 18. A company plan the covers between 1 to 2 years of a company's activities is known as a) Short range b) Intermediate range c) Long range 4 mark - questions (answer any 3 of the following 4 questions) 1 . List 4 strategies for pursuing social responsibility. I1. List 4 reasons why it is advantageous to a company to pursue sustainability List 4 reasons why small businesses commonly fail IV. List 4 benefits of planning