logo image

Business Principles Exam 1

entrepreneurs
people who assume the risk of business ownership.
startup costs
the most significant disadvantage of owning a franchise is_____.
Dell computer, Wal-mart, Microsoft
examples of businesses started from scratch
sole proprietorships
the leading type of business in the United states.
Board of directors
the owners of a corporation are the_____.
1,500
The U.S. Department of Commerce considers a business small if it has fewer than _____ employees.
40%
Small businesses account for _____ of all new jobs in high technology sectors.
personal resources
the source of funding most commonly used to start a new business.
6
A new business should have enough capital to operate for at least _____ months without earning a profit.
unlimited liability
A major drawback of sole proprietorships is _____.
corporation
The organizational form defines=d as a business that is legally considered an entity separate from its owners and is liable for its own debts is a _____.
limited liability
The biggest advantage of a regular corporation is _____.
double taxation
The biggest potential drawback to the corporate form of ownership is _____.
S-corporation
A(n) _____ is organized to operate like a corporation but is taxed like a partnership
72%
Today, about _____ of all businesses in The U>S> are sole proprietors.
business plan
In a _____, an entrepreneur summarizes the business strategy for a new venture and shows how it will be implemented.
sole proprietorship
legal form of business that is owned and usually operated by one person who is responsible for its debts?
Franchise
An arrangement that permits the buyer to sell the product of the seller, or parent company, is called a _____.
44%
According to SBA estimates, roughly _____ of all new businesses can expecrt to surive for 4 years.
Factors of small business failures
Managerial incompetence or inexperience, neglect, and weak control systems
general partnership
the most common typ of partnership.
limited partner
liable for debts only to the limits of their investments
professional
corporations that are most likely comprised of doctors, lawyers, accountants, or other proffessionals
board of directors
governing body of a corporation
local owner
Ina franchise agreement the franchisee is the _____.
parent company
In a franchise agreement, the franchiser is the _____.
limited partner
A(n0_____ invests money in a partnership but is liable only to the extent of his/her investment.
corporation
Form of business ownership generates the most sales in the U>S>
services
what are the fastest growing segment of small businesses

Need essay sample on "Business Principles Exam 1"? We will write a custom essay sample specifically for you for only $ 13.90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy