Legal Structures
Which Business structure uses a double layer of taxation
C Corporation
How many steps are in the Design Thinking Process
5
Jane is an investor in a full-detail carwash that opened several years ago. She has been very pleased with the company’s management after helping select a new CEO two months ago. Which best describes the role Jane plays in the full-detail carwash.
Stockholder
Tim purchased a movie from a popular streaming service. He received immediate access to the movie. What type of e-commerce product did Tim purchase?
Digital
Who is the Greek god of the sun?
Apollo
Which Business Structure has Unlimited Liability
Sole Proprietorship
What is the first step in the design thinking process?
Empathize
Paid with ownership in a company. Company does well, you make money.
Equity
What is the difference between small business and entrepreneurs?
Small business owners are not always interested in taking on new business opportunities or risks
What starts with the letter P ands with the letter E and has a 1000 letters in it?
Post Office
Which type of business is ideal for a single owner who wants to avoid unlimited liability.
LLC
Which step includes a problem statement
Define
On what day of the year was Mr. Shroyer born?
April 2nd
A common financial risk that entrepreneurs encounter is ______
Bankruptcy
The one who makes it sells it. The one who buys it never uses it. The one who uses it never knows he's using it. What is it?
Coffin
Which type of business is not taxed twice but is limited to 100 owners
S corporation
The design team comes up with solution ideas
Ideate
I get paid for each every yard I mow, what form of compensation
Piece Work
What is the name of Mr. Shroyer's dog?
Took
Name one of the 5 years Nebraska Cornhuskers won a national championship
1970, 1971, 1994, 1995, 1997
Popular with dentists and Lawyers, shared financial responsibility
Partnership
Demetri is implementing the design thinking process into his business. In what order should the steps be taken
-Empathize
-Define
-Ideate
-Prototype
-Test
Tommy was hired to help boost a startup company’s sales and marketing strategies. The startup company does not have enough cash to continue paying Tommy his full salary. Tommy is passionate about the company’s vision and has agreed to receive some of his pay in company stocks. Which two forms of compensation is Tommy receiving for his work?
Equity, Salary
This document outlines a company's goals for the future and the strategies it will use to achieve them, often including sections on market analysis, organizational structure, and financial projections.
Business Plan
Once famous for its blocky, colorful toys, this company nearly went bankrupt in 2003 before building its way back to success—brick by brick.
LEGO