Exam 3: Entrepreneurship, New Ventures, and Business Ownership

What does a start-up company need in order to estimate the required size of a plant,store,or office,to decide how much inventory to carry,and to determine how many employees to hire?

What is a small business?

Corporations enjoy significant tax benefits when compared to sole proprietorships or partnerships.

A business plan demonstrates how an entrepreneur's business strategy will be implemented.

What is the MOST significant disadvantage of owning a franchise?

Which form of business ownership generates the MOST sales in the United States?

Why are lenders most willing to loan to corporations?

What do both sole proprietorships and partnerships lack?

Why is it difficult to compare relative job growth for different-sized businesses?

Which of the following industry groups is the fastest growing segment of small business enterprise?

The failure rate among small businesses has been increasing in recent years.

Loans are the most important sources of money for new businesses.

Which of the following,if true about the owners' plan for the new business,would weaken the case that it should be registered as an LLC?

Which of the following helps entrepreneurs gain skills that are essential for running a business?

The Small Business Administration is the government agency charged with owning small businesses.

General partnerships generate more than one-third of total sales revenue in the United States.

Which of the following,if true,would weaken the case for Short and Shearer's starting a new business?

What is an entrepreneur?

Which of the following types of venue is favored by small-business retailers?

Small-business investment companies (SBICs)may be sponsored by the federal government.