Question 1

The standard term of a limited liability company is 30 years.

Accepted Answer

A) True 
 B)False

Question 2

Corporations distribute profits to owners through:

Accepted Answer

A)  bonds. 
B)  taxes. 
C)  dividends. 
D)  interest. 
A)  bonds. 
B)  taxes. 
C)  dividends. 
D)  interest.

Question 3

________ have unlimited liability for the actions of the business.

Accepted Answer

A)  Limited liability company members 
B)  Corporate shareholders 
C)  General partners 
D)  Limited partners 
A)  Limited liability company members 
B)  Corporate shareholders 
C)  General partners 
D)  Limited partners

Question 4

A ________ can raise capital through bonds,stock and debt.

Accepted Answer

A)  sole proprietorship 
B)  partnership 
C)  corporation 
D)  LLP 
A)  sole proprietorship 
B)  partnership 
C)  corporation 
D)  LLP

Question 5

In an S Corporation,ownership can be freely transferred as long as the buyer is an individual.

Accepted Answer

A) True 
 B)False

Question 6

The corporation has the most continuity of the forms of business.

Accepted Answer

A) True 
 B)False

Question 7

The limited liability company is the only form of organization that allows members to share liability.

Accepted Answer

A) True 
 B)False

Question 8

The limited partners in a venture share control of day-to-day operations with the general partners.

Accepted Answer

A) True 
 B)False

Question 9

Corporations are not able to distribute profits to shareholders.

Accepted Answer

A) True 
 B)False

Question 10

What are the main characteristics of an LLC

Accepted Answer

-Whereas the corporation has shareholder

Question 11

Transferability of interest is easiest in a limited partnership.

Accepted Answer

A) True 
 B)False

The standard term of a limited liability company is 30 years.

Corporations distribute profits to owners through:

________ have unlimited liability for the actions of the business.

A ________ can raise capital through bonds,stock and debt.

In an S Corporation,ownership can be freely transferred as long as the buyer is an individual.

The corporation has the most continuity of the forms of business.

The limited liability company is the only form of organization that allows members to share liability.

The limited partners in a venture share control of day-to-day operations with the general partners.

Corporations are not able to distribute profits to shareholders.

What are the main characteristics of an LLC

Transferability of interest is easiest in a limited partnership.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 9: The Organizational Plan

The standard term of a limited liability company is 30 years.

Corporations distribute profits to owners through:

________ have unlimited liability for the actions of the business.

A ________ can raise capital through bonds,stock and debt.

In an S Corporation,ownership can be freely transferred as long as the buyer is an individual.

The corporation has the most continuity of the forms of business.

The limited liability company is the only form of organization that allows members to share liability.

The limited partners in a venture share control of day-to-day operations with the general partners.

Corporations are not able to distribute profits to shareholders.

What are the main characteristics of an LLC

Transferability of interest is easiest in a limited partnership.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters