legal structures
Best for international business even with being double-taxed
C corporation
what does the founder do?
creates the company
_____is the amount of loss one is willing to take when making an investment decision.
risk tolerance
Which business opportunity involves recruiting marketers to join a team?
network marketing
Jessica is composing a song and wants to protect it from being copied. Which intellectual property law would best protect Jessica’s song?
copyright
Easy to create but comes with unlimited liability
proprietorship
what does the CFO do?
oversees company finances
Having a ______ mindset means believing that one can accomplish anything through hard work.
growth
Which viability factor involves the potential funding of a business opportunity?
managing cash flow
George came up with a secret banana bread recipe that he sells in his bakery. Which intellectual property law would best protect his recipe?
trade secret law
Lower tax rate that prevents the company from being double-taxed
S corporation
what does the stockholder do?
owns stock in the company
The five factors that determine the viability of a business opportunity are _______, relationships, cash flow management, management skillsets, and passion.
market size
Which viability factor analyzes the skills of employees?
management skill set
Mary works for a tech company and is designing a new style of headphones. Which intellectual property law would best protect Mary’s design?
patent
Ideal for a single owner seeking low risk
LLC
what does the stakeholder do?
has a vested interest in the success of the company
A lean canvas should only be______ long.
one page
Which viability factor can help an entrepreneur make up for a lack of skills?
passion
Will designed a company logo for his new gym. Which intellectual property law would best protect his logo?
trademark law
Shared financial backing
partnership
what does the COO do?
Oversees daily operational and administrative functions
A _______ and value proposition provides a brief overview of a business where one talks about the company's mission and the value provided to customers.
vision
Which business opportunity involves higher start-up costs?
franchise
which disney movie is he from?