Exam (elaborations)
M02_ Quiz.
- Course
- Institution
Exam of 3 pages for the course Biology 101 Ivy Tech Exam Review, Rubenstein. at Biology 101 Ivy Tech Exam Review, Rubenstein. (M02_ Quiz.)
[Show more]
Seller
Follow
modockochieng06
Content preview
M02: QuizWhich entity is defined as independent and has little influence on itsmarket? -
ANS-Small business
Which of the following would be considered a smallbusiness? - ANS-A local dress shop
with three employees
Which of the following is required to be considered anentrepreneur? - ANS-You
assume the risk of business ownership.
What does an entrepreneur use to summarize his or her business strategy for a
proposed newventure? - ANS-Business plan
Which of the following are groups of small investors seeking to make profits on
companies with rapid growthpotential? - ANS-Venture capital companies
Brooke believes that there are many consumers who would like pizza delivery
companies to deliver movies and popcorn along with their pizza. Brooke is looking at
what type ofmarket? - ANS-Niche
MostMcDonald's andDunkin' Donuts outlets are franchises operating under licenses
issued by parent companies to local owners. One of the primary advantages of
purchasing a franchise rather than starting a business from scratch is that a franchise
offers_______. - ANS-aready-made business model
Which of the following factors MOST contributes to small businessfailure? -
ANS-Managerial incompetence or inexperience
Which of the following represents one of the existing trends for small business
start-ups? - ANS-Emergence ofe-commerce
What is a major drawback of soleproprietorships? - ANS-Unlimited liability
If a business owner needs money forexpansion, but does not want to give up sole
control over thebusiness, what type of partnership would bebest? - ANS-Limited
partnership
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller modockochieng06. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now