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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU (2024) Verified Solutions!!
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU (2024) Verified Solutions!!
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Name: Score:177 Multiple choice questions
Definition 1 of 177
- poison pill
- shark repellent
- white knight
small business ownership types
uniformity of inputs in service businesses
what do you need to start a small business?
techniques to prevent hostile takeovers
Definition 2 of 177
- businesses owned by one individual
- the most common form of business organization in the United States
- easiest and least expensive form of business to start
- ex: tutoring/bookkeeping/landscaping etc...
sole proprietorship advantages
corporate governance
sole proprietorships
hostile takeovers
,Term 3 of 177
what's the transformation process?
Determine product and features customers want
Gauge demand
Set price
inputs are converted into outputs
- an entrepreneur
- an idea
- a drive to succeed
determine product and features customers want
gauge demand
set price
Definition 4 of 177
- allowed to raise money by selling units of ownership to the general public in the same way that
corporations sell shares of stock to the public
- gives MLPs the fundraising capabilities of corporations without the double-taxation
disadvantage
- mainly oil and gas companies
high-growth small businesses
MLP (master limited partnership)
Total Quality Management (TQM)
sole proprietorship disadvantages
,Term 5 of 177
computer-assisted design
the design of components, products, and processes on computers instead of on paper
the processes an organization uses to maintain its established quality standards
- feature of taxation that allows stockholders' dividends to be taxed both as corporate
profit and as personal income
connecting and integrating all parties or members of the distribution system in order to
satisfy customers
Definition 6 of 177
- the raider offers to buy a certain number of shares of stock in the corporation at a specific price
(generally more than the current stock price so shareholders are more motivated to sell)
- the raider hopes to get enough shares to take control of the corporation and to replace the
existing board of directors and management
tender offer
leveraged buyout
shark repellent
joint ventures
, Term 7 of 177
definition of a partnership
a layout that brings all resources required to create the product to a central location
equity financing (when a new business owner borrows against the value of assets)
venture capitalists
debt financing
line of credit
trade credit
bartering
an association of two or more persons to carry on, as co-owners, a business for profit;
profits will be divided as specified in the agreement
- simplicity
- single layer of taxation
- more resources than a sole proprietorship
- cost sharing between partners
- broader skills and experience
- longevity
Definition 8 of 177
- seed money
- banks and micro-lenders
- venture capitalists
- IPO
- angel investors
- personal credit cards
- small business administration
definition of a partnership
business mission and objectives
factors contributing to an increase in small business
private financing options for small businesses
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