Question 1

In the double taxation endured by some businesses, ________ is the first taxation and ________ is the second taxation.

Accepted Answer

A)  tax on corporate profits; value-added tax 
B)  tax on dividends; tax on corporate profits 
C)  tax on corporate profits; tax on dividends 
D)  property tax; income tax 
E)  social security tax; income tax 
A)  tax on corporate profits; value-added tax 
B)  tax on dividends; tax on corporate profits 
C)  tax on corporate profits; tax on dividends 
D)  property tax; income tax 
E)  social security tax; income tax

Question 2

What are the main reasons that female entrepreneurs give for starting a business?

Accepted Answer

Gaining control over their sch

Question 3

In a corporation, a shareholder with 10 shares receives 10 times the dividend paid to a shareholder with 1 share.

Accepted Answer

A) True 
 B)False

Question 4

One popular source of equity capital is informal capital from private investors who are known as

Accepted Answer

A)  private loaners. 
B)  traditional lenders. 
C)  pseudo loaners. 
D)  off-the-books financers. 
E)  angels. 
A)  private loaners. 
B)  traditional lenders. 
C)  pseudo loaners. 
D)  off-the-books financers. 
E)  angels.

Question 5

Computers-B-Us is a new company. Its owners all have no personal liability for any debts of the company. All five of its owners invested the same amount and will share equally in the profits. The structure of Computers-B-Us is most likely a

Accepted Answer

A)  private corporation. 
B)  co-operative. 
C)  limited partnership. 
D)  general partnership. 
E)  sole proprietorship. 
A)  private corporation. 
B)  co-operative. 
C)  limited partnership. 
D)  general partnership. 
E)  sole proprietorship.

Question 6

What are the two most important questions to ask when evaluating an idea for market and financial viability?

Accepted Answer

- Are there enough c

Question 7

Sam has always been interested in starting his own business but, as a recent graduate, is not certain where he can get ideas. Which of the following is a good reliable source for information needed to make the decision to start a new business?

Accepted Answer

A)  Experience in industry before starting a new business 
B)  Parents 
C)  Teachers 
D)  Bankers 
E)  Business analysts 
A)  Experience in industry before starting a new business 
B)  Parents 
C)  Teachers 
D)  Bankers 
E)  Business analysts

Question 8

What are the two most widely used methods to form a corporation?

Accepted Answer

The two most widely used metho

Question 9

Jeanne is not an active participant in Highline Food Company, but she has contributed a significant amount of capital as a partner to the business. Jeanne is known as a(n) ________ partner.

Accepted Answer

A)  managing 
B)  general 
C)  limited 
D)  dormant 
E)  secret 
A)  managing 
B)  general 
C)  limited 
D)  dormant 
E)  secret

Question 10

Bootstrapping involves all of the following actions except

Accepted Answer

A)  acquiring resources such as people and equipment. 
B)  doing more with less. 
C)  purchasing as many resources as possible. 
D)  using other people's resources. 
E)  borrowing materials. 
A)  acquiring resources such as people and equipment. 
B)  doing more with less. 
C)  purchasing as many resources as possible. 
D)  using other people's resources. 
E)  borrowing materials.

Question 11

A significant advantage of a franchise as a way of running a small business is that the chances of success are enhanced.

Accepted Answer

A) True 
 B)False

Question 12

Suzy is considering incorporating her financial consulting business. Of the items listed below, which one would not be a problem if she incorporates?

Accepted Answer

A)  Heavy regulation 
B)  Double taxation 
C)  Complex legal requirements 
D)  Unlimited liability 
E)  High costs of incorporation 
A)  Heavy regulation 
B)  Double taxation 
C)  Complex legal requirements 
D)  Unlimited liability 
E)  High costs of incorporation

Question 13

Start-up costs and complexities are among the main disadvantages of

Accepted Answer

A)  starting up a partnership. 
B)  incorporating. 
C)  starting up a sole proprietorship. 
D)  selling shares. 
E)  none of these. 
A)  starting up a partnership. 
B)  incorporating. 
C)  starting up a sole proprietorship. 
D)  selling shares. 
E)  none of these.

Question 14

Describe the two most common sources of debt financing.

Accepted Answer

The two most common sources are financia

Question 15

What is the impact of new ventures on job creation?

Accepted Answer

New firms are the main source of job cre

Question 16

Paul invests $50 000 in a partnership with his sister to operate a computer sales outlet. Paul is not involved in the operation of the store and has limited liability through the written partnership agreement. What kind of partner is Paul?

Accepted Answer

A)  Secret 
B)  Ostensible 
C)  Limited 
D)  Dormant 
E)  General 
A)  Secret 
B)  Ostensible 
C)  Limited 
D)  Dormant 
E)  General

Question 17

A new venture is a recently formed commercial organization that provides goods, but not services, for sale.

Accepted Answer

A) True 
 B)False

Question 18

The franchise agreement usually requires that the franchisee pay a fee to the franchisor, but sometimes the franchisor is willing to pay the franchisee if the franchisee has a good track record of success.

Accepted Answer

A) True 
 B)False

Question 19

Define a new venture.

Accepted Answer

A new venture is a recently fo

Question 20

Sole proprietors can generally treat business revenues and operating expenses as part of their personal finances.

Accepted Answer

A) True 
 B)False

In the double taxation endured by some businesses, is the first taxation and is the second taxation.

What are the main reasons that female entrepreneurs give for starting a business?

In a corporation, a shareholder with 10 shares receives 10 times the dividend paid to a shareholder with 1 share.

One popular source of equity capital is informal capital from private investors who are known as

Computers-B-Us is a new company. Its owners all have no personal liability for any debts of the company. All five of its owners invested the same amount and will share equally in the profits. The structure of Computers-B-Us is most likely a

What are the two most important questions to ask when evaluating an idea for market and financial viability?

Sam has always been interested in starting his own business but, as a recent graduate, is not certain where he can get ideas. Which of the following is a good reliable source for information needed to make the decision to start a new business?

What are the two most widely used methods to form a corporation?

Jeanne is not an active participant in Highline Food Company, but she has contributed a significant amount of capital as a partner to the business. Jeanne is known as a(n) ________ partner.

Bootstrapping involves all of the following actions except

A significant advantage of a franchise as a way of running a small business is that the chances of success are enhanced.

Suzy is considering incorporating her financial consulting business. Of the items listed below, which one would not be a problem if she incorporates?

Start-up costs and complexities are among the main disadvantages of

Describe the two most common sources of debt financing.

What is the impact of new ventures on job creation?

Paul invests $50 000 in a partnership with his sister to operate a computer sales outlet. Paul is not involved in the operation of the store and has limited liability through the written partnership agreement. What kind of partner is Paul?

A new venture is a recently formed commercial organization that provides goods, but not services, for sale.

The franchise agreement usually requires that the franchisee pay a fee to the franchisor, but sometimes the franchisor is willing to pay the franchisee if the franchisee has a good track record of success.

Define a new venture.

Sole proprietors can generally treat business revenues and operating expenses as part of their personal finances.

Understanding the Canadian Business System

The Environment of Business

Conducting Business Ethically and Responsibly

The Global Context of Business

Managing the Business Enterprise

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating, Satisfying, and Leading Employees

Operations Management, Productivity, and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing, Promotion, and Distributing Products

Money and Banking

Finacial Decisions and Risk Management

Filters

Exam 4: Entrepreneurship, Small Business, and New Venture Creation

In the double taxation endured by some businesses, ________ is the first taxation and ________ is the second taxation.

What are the main reasons that female entrepreneurs give for starting a business?

In a corporation, a shareholder with 10 shares receives 10 times the dividend paid to a shareholder with 1 share.

One popular source of equity capital is informal capital from private investors who are known as

Computers-B-Us is a new company. Its owners all have no personal liability for any debts of the company. All five of its owners invested the same amount and will share equally in the profits. The structure of Computers-B-Us is most likely a

What are the two most important questions to ask when evaluating an idea for market and financial viability?

Sam has always been interested in starting his own business but, as a recent graduate, is not certain where he can get ideas. Which of the following is a good reliable source for information needed to make the decision to start a new business?

What are the two most widely used methods to form a corporation?

Jeanne is not an active participant in Highline Food Company, but she has contributed a significant amount of capital as a partner to the business. Jeanne is known as a(n) ________ partner.

Bootstrapping involves all of the following actions except

A significant advantage of a franchise as a way of running a small business is that the chances of success are enhanced.

Suzy is considering incorporating her financial consulting business. Of the items listed below, which one would not be a problem if she incorporates?

Start-up costs and complexities are among the main disadvantages of

Describe the two most common sources of debt financing.

What is the impact of new ventures on job creation?

Paul invests $50 000 in a partnership with his sister to operate a computer sales outlet. Paul is not involved in the operation of the store and has limited liability through the written partnership agreement. What kind of partner is Paul?

A new venture is a recently formed commercial organization that provides goods, but not services, for sale.

The franchise agreement usually requires that the franchisee pay a fee to the franchisor, but sometimes the franchisor is willing to pay the franchisee if the franchisee has a good track record of success.

Define a new venture.

Sole proprietors can generally treat business revenues and operating expenses as part of their personal finances.

Understanding the Canadian Business System

The Environment of Business

Conducting Business Ethically and Responsibly

The Global Context of Business

Managing the Business Enterprise

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating, Satisfying, and Leading Employees

Operations Management, Productivity, and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing, Promotion, and Distributing Products

Money and Banking

Finacial Decisions and Risk Management

Filters

In the double taxation endured by some businesses, is the first taxation and is the second taxation.