Exam 4: Understanding Entrepreneurship, small Business, and New Venture Creation

Sam Clark has a custom cheesecake business that he owns and operates out of his home.Sam's ownership structure likely is

Gilbert is considering setting up a business.He likes some of the advantages of sole proprietorships,but is concerned about some of the disadvantages.He should consider all of the following except

Identify the four major forms of legal organization for business firms.List two advantages and disadvantages of each.

The advantages of becoming a small businessperson by buying an existing business include all of the following except

The co-operative's start-up capital usually comes from shares purchased by the co-operative's members.

Approximately how many new businesses are started each day in Canada?

Voting rights in a co-operative are

About one-half of all new businesses that were started in the past decade were bought from someone else.

Partnerships are generally more advantageous than sole proprietorships because

Jonathan is upset that he is a victim of double taxation.What form of business is he involved in?

Part of the franchise agreement usually requires that the franchisor pay a fee to the franchisee.

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

Which of the following is not a success factor for a small business?

In the 2011 Heritage Foundation index of economic freedom,what were the top three countries?

Of every 100 small businesses that begin operation,96 will still be operating after one year.

Liz has decided to issue shares of her company to the public in order to raise some capital to build a new factory.Liz is launching a(n)

Although shareholders pay income taxes on the dividends they receive from the corporation,the dividends are tax deductible for corporations.

Debt financing refers to money that is borrowed,while equity financing refers to money that the entrepreneur (or others)invests in a business in return for an ownership interest.

The most common source of equity financing for small businesses is a bank loan.

If market conditions are rapidly changing,the benefits gained from research diminish quickly.