Question 1

In negotiating a deal to purchase an existing business,it is possible to request that the seller retain a minority interest in the firm.

Accepted Answer

A) True 
 B)False

Question 2

When purchasing an existing business,the prospective owner should conduct an assessment of the business's current group of employees.

Accepted Answer

A) True 
 B)False

Question 3

When should a potential franchisee receive the FDD (Franchise Disclosure Document)?

Accepted Answer

A) two days before signing a contract or paying any money 
B) at least ten days before signing a contract or paying any money 
C) two days before signing a contract 
D) at least ten days before paying any money 
A) two days before signing a contract or paying any money 
B) at least ten days before signing a contract or paying any money 
C) two days before signing a contract 
D) at least ten days before paying any money

Question 4

When one designs a unique good or service,the individual is said to have used a(n) ____approach to starting the business.

Accepted Answer

A) new-new 
B) old-old 
C) old-new 
D) new-old 
A) new-new 
B) old-old 
C) old-new 
D) new-old

Question 5

An advantage to buying an on-going business is

Accepted Answer

A) reduced concern over future operations. 
B) time and effort are reduced 
C) it may be purchased at a bargain price. 
D) all of the above. 
A) reduced concern over future operations. 
B) time and effort are reduced 
C) it may be purchased at a bargain price. 
D) all of the above.

Question 6

Which is not a key question to ask when buying a business?

Accepted Answer

A) Why is the business being sold? 
B) Is the building heated with gas or electricity? 
C) What is the condition of the inventory? 
D) How many of the employees will remain? 
A) Why is the business being sold? 
B) Is the building heated with gas or electricity? 
C) What is the condition of the inventory? 
D) How many of the employees will remain?

Question 7

An additional consideration to keep in mind when negotiating to purchase an existing business includes requesting that the seller retain __________ in the firm.

Accepted Answer

A) a minority interest 
B) a majority interest 
C) either a minority or majority interest 
D) none of the above 
A) a minority interest 
B) a majority interest 
C) either a minority or majority interest 
D) none of the above

Question 8

The prospective investor should get as much information as possible on the franchisor.

Accepted Answer

A) True 
 B)False

In negotiating a deal to purchase an existing business,it is possible to request that the seller retain a minority interest in the firm.

When purchasing an existing business,the prospective owner should conduct an assessment of the business's current group of employees.

When should a potential franchisee receive the FDD (Franchise Disclosure Document)?

When one designs a unique good or service,the individual is said to have used a(n) ____approach to starting the business.

An advantage to buying an on-going business is

Which is not a key question to ask when buying a business?

An additional consideration to keep in mind when negotiating to purchase an existing business includes requesting that the seller retain __________ in the firm.

The prospective investor should get as much information as possible on the franchisor.

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Sources of Capital for Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters

Exam 7: Pathways to Entrepreneurial Ventures

In negotiating a deal to purchase an existing business,it is possible to request that the seller retain a minority interest in the firm.

When purchasing an existing business,the prospective owner should conduct an assessment of the business's current group of employees.

When should a potential franchisee receive the FDD (Franchise Disclosure Document)?

When one designs a unique good or service,the individual is said to have used a(n) ____approach to starting the business.

An advantage to buying an on-going business is

Which is not a key question to ask when buying a business?

An additional consideration to keep in mind when negotiating to purchase an existing business includes requesting that the seller retain __________ in the firm.

The prospective investor should get as much information as possible on the franchisor.

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Sources of Capital for Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters