Question 1

Which type of ownership is the most expensive to start?

Accepted Answer

A) Corporation 
B) General partnership 
C) Limited partner 
D) Sole proprietorship 
A) Corporation 
B) General partnership 
C) Limited partner 
D) Sole proprietorship

Question 2

In a limited liability partnership (LLP)death or withdrawal of a partner:

Accepted Answer

A) results in automatic transfer of ownership to surviving partner(s). 
B) may result in problems trying to find a market for the shares. 
C) always results in termination of the partnership. 
D) has no effect on the partnership. 
A) results in automatic transfer of ownership to surviving partner(s). 
B) may result in problems trying to find a market for the shares. 
C) always results in termination of the partnership. 
D) has no effect on the partnership.

Question 3

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 4

In what form of business is it most difficult to change your taxable year?

Accepted Answer

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

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

In a limited partnership,the limited partners:

Accepted Answer

A) are liable only for the amount of their capital contributions. 
B) share the amount of personal liabilities equally. 
C) have only insurance as protection against liability suits. 
D) are allowed to decide on the amount of individual liabilities. 
A) are liable only for the amount of their capital contributions. 
B) share the amount of personal liabilities equally. 
C) have only insurance as protection against liability suits. 
D) are allowed to decide on the amount of individual liabilities.

Question 7

Which type of ownership is the least expensive to start?

Accepted Answer

A) Corporation 
B) General partnership 
C) Limited partner 
D) Sole proprietorship 
A) Corporation 
B) General partnership 
C) Limited partner 
D) Sole proprietorship

Question 8

The Sarbanes-Oxley Act reduced the responsibilities of the board of directors.

Accepted Answer

A) True 
 B)False

Question 9

The most expensive type of business to start is the partnership.

Accepted Answer

A) True 
 B)False

Question 10

Our text tells us that much of an entrepreneur's time during start-up is spent:

Accepted Answer

A) putting out fires. 
B) negotiating. 
C) delegating. 
D) allocating resources. 
A) putting out fires. 
B) negotiating. 
C) delegating. 
D) allocating resources.

Question 11

The only source of capital for a corporation is the sale of shares of stock.

Accepted Answer

A) True 
 B)False

Which type of ownership is the most expensive to start?

In a limited liability partnership (LLP)death or withdrawal of a partner:

Corporations distribute profits to owners through:

In what form of business is it most difficult to change your taxable year?

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

In a limited partnership,the limited partners:

Which type of ownership is the least expensive to start?

The Sarbanes-Oxley Act reduced the responsibilities of the board of directors.

The most expensive type of business to start is the partnership.

Our text tells us that much of an entrepreneur's time during start-up is spent:

The only source of capital for a corporation is the sale of shares of stock.

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property 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

Which type of ownership is the most expensive to start?

In a limited liability partnership (LLP)death or withdrawal of a partner:

Corporations distribute profits to owners through:

In what form of business is it most difficult to change your taxable year?

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

In a limited partnership,the limited partners:

Which type of ownership is the least expensive to start?

The Sarbanes-Oxley Act reduced the responsibilities of the board of directors.

The most expensive type of business to start is the partnership.

Our text tells us that much of an entrepreneur's time during start-up is spent:

The only source of capital for a corporation is the sale of shares of stock.

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property 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