people who assume the risk of business ownership.
the most significant disadvantage of owning a franchise is_____.
Dell computer, Wal-mart, Microsoft
examples of businesses started from scratch
the leading type of business in the United states.
Board of directors
the owners of a corporation are the_____.
The U.S. Department of Commerce considers a business small if it has fewer than _____ employees.
Small businesses account for _____ of all new jobs in high technology sectors.
the source of funding most commonly used to start a new business.
A new business should have enough capital to operate for at least _____ months without earning a profit.
A major drawback of sole proprietorships is _____.
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 _____.
The biggest advantage of a regular corporation is _____.
The biggest potential drawback to the corporate form of ownership is _____.
A(n) _____ is organized to operate like a corporation but is taxed like a partnership
Today, about _____ of all businesses in The U>S> are sole proprietors.
In a _____, an entrepreneur summarizes the business strategy for a new venture and shows how it will be implemented.
legal form of business that is owned and usually operated by one person who is responsible for its debts?
An arrangement that permits the buyer to sell the product of the seller, or parent company, is called a _____.
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
the most common typ of partnership.
liable for debts only to the limits of their investments
corporations that are most likely comprised of doctors, lawyers, accountants, or other proffessionals
board of directors
governing body of a corporation
Ina franchise agreement the franchisee is the _____.
In a franchise agreement, the franchiser is the _____.
A(n0_____ invests money in a partnership but is liable only to the extent of his/her investment.
Form of business ownership generates the most sales in the U>S>
what are the fastest growing segment of small businesses
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