Gmetrix entrepreneur - Study guides, Class notes & Summaries

GMETRIX Entrepreneurial Certification Exam Study Guide 2023;Entrepreneurship Certification Exam All questions and answers from GMETRIX Entrepreneur & Small Business Exams 1 and 2

Acquisition Costs - Cost incurred by a business Angel Investor - An investor who provides funding to a business for a stake in the business in return Asset - A tangible item a business owns B2B - A business-to-business commercial transaction between businesses B2C - A business-to-consumer transaction Balance Sheet - A document that compares assets to liabilities plus owner's equity Bootstrapping - A business owner that uses their own money to fund their business

What is Entrepreneurship? - Answer-Setting up a business with the aim to make a profit. You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do not want to be protected from business liabilities. Which legal structure should you set up for your business? - AnswerS-Corpo...

What is entrepreneurship? A.Marketing and selling products. B.Setting up a business with the aim to make a profit. C Acquiring leadership and managerial skills. D Quickly advancing in positions within a corporation. correct answers B.Setting up a business with the aim to make a profit. What types of business are B2B (Pick two) A.Whole Sale Flooring Distributor B. Purchases requiring a tax exemption certificate C Chain of local grocery stores D motorcycle repair shop correct answers A....

Besides defining strengths and weaknesses, what is the other main factor determined during a self-assessment? correct answers Risk tolerance Which are considered risks of being an entrepreneur? choose three answers. correct answers Financial instability & Possible business failure & Long hours George wants to take his passion for golf and open a golf academy. What would be the benefits George could enjoy from this experience? Choose two correct answers Financial gain & Satisfaction of purs...

What is entrepreneurship? correct answers Setting up a business with the aim to make a profit. You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do not want to be protected from business liabilities. Which legal structure should you set up for your business? correc...

Gmetrix Entrepreneurship & Small Business Practice Exam 1 With Complete Solutions What is Entrepreneurship? - answerSetting up a business with the aim to make a profit. You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do not want to be protected from business liab...

Besides defining strengths and weaknesses, what is the other main factor determined during a self-assessment? correct answers Risk tolerance Which are considered risks of being an entrepreneur? choose three answers. correct answers Financial instability & Possible business failure & Long hours George wants to take his passion for golf and open a golf academy. What would be the benefits George could enjoy from this experience? Choose two correct answers Financial gain & Satisfaction of purs...

Based upon his finding, which approach might be less stressful for the entrepreneur to have her own business? - Buy an existing business that is already successful Based on the scenario provided, what would be emphasized in marketing to attract customers? - Location The entrepreneur decides to begin advertising his services in this community. Which would be emphasized in marketing to attract customers to his new business? - Lower prices Which is the greatest benefits of entrepreneurship?...

Gmetrix Entrepreneurship & Small Business Practice Exam 1 With Complete Solutions What is Entrepreneurship? - answerSetting up a business with the aim to make a profit. You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do not want to be protected from business liab...