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ENT-2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. The effective application of _____ is one means to limit liability concerns of the new venture. - ANSWER insurance 2. Which of the following incorporation formations are required to pay income tax which results in double taxation? - ANSWER Subchapter C Corporations 3. Which of the following features of the LLC are similar to the features of the Subchapter S C...

ENT 2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. Community - ANSWER builds credibility, stabilizes cash flow 2. Business incubators - ANSWER house new businesses and provide critical services (office machines, basic furniture, telephones, etc.) 3. Financial support - ANSWER full understanding of cost-benefit; making sure sufficient financial resources are available prior to funding 4. Business idea generatio...

ENT 2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. What term is used to describe the process of systematically examining the difference between what is expected and what occurs? - ANSWER gap analysis 2. While developing a quality business idea, what should potential business founders ideally do after evaluating their personal skill sets? - ANSWER carefully analyze the market and look for a gap 3. The connection b...

ENT 2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. The break-even point is defined as a. the time when a business must liquidate its holdings and declare bankruptcy b. the level where a firm starts to profit from the revenue it makes from its products c. the level where revenue coming into the firm is sufficient to cover expenses d. the time when a firm experiences steady losses during its initial stages of operation - ANS...

ENT 2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. When starting a business, one must understand the relationship between blank and the expected return - ANSWER Time commitment 2. Identify the typical triggers for starting a business - ANSWER Experiencing the inability to climb the corporate ladder due to circumstances, receiving evidence that an idea is not only doable, but there is a concrete way to improve on a g...

ENT Final – Bolen Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. What term is used to describe individuals or other organizations that impact the success of a business? a. capitalists b. stakeholders c. corporate managers d. owners - ANSWER b. stakeholders 2. In the context of the initial developments of the industrial base in the United States, which of the following statements is true about robber barons? a. ensured...

ENT-2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers With Rationales New Update Study Material!! 1. Which of the following is a difference between large organizations and entrepreneurial businesses? A. Unlike entrepreneurial businesses, large organizations have a better understanding of the local community in which they conduct business. B. Unlike entrepreneurial businesses, large organizations will regularly ignore business opportunities if they fail to beli...

ENT 2113 Tested Set Exam Questions With Reviewed Correct Detailed Answers New Update!! 1. Any business needs to acquire a license to do business in the county or city where the firm will be operating. a. true b. false - ANSWER a. true 2. The Americans with Disabilities Act requires that there should be no discrimination in the hiring, management, or dismissal of employees with disabilities. a. true b. false - ANSWER a. true 3. The insurance coverage obt...

ENT 2113 BOLEN Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. Small companies can take advantage of economies of scale better than large firms. - ANSWER false 2. Close to 50 percent of the millionaires in the United States are entrepreneurs. - ANSWER true 3. A small business start-up should be designed to take advantages of the skills of the founder or founders. - ANSWER true 4. An entrepreneurial business...

ICAEW Exam Set Questions With Reviewed Correct Detailed Answers New Update!! 1. What is a financial asset? - ANSWER 1. cash Any asset that is: 2. an equity instrument (shares) of another entity. 3. a contractual right to: - receive cash or another financial asset from another entity. - to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity. 2. What is a financial liability? - ANSWER ...