A WRITTEN DOCUMENT THAT DESCRIBES THE NATURE OF THE BUSINESS, ITS GOALS AND OBJECTIVES, AND HOW THEY WILL BE ACHIEVEDBUSINESS PLAN
BUSINESS PLAN
100
THE SBA SPONSORS FREE CONSULTING HELP THROUGH WHAT CENTER?
SMALL BUSINESS DEVELOPMENT CENTERS (SBDCs)
100
WHAT IS A ENTREPRENEUR?
SELF-STARTERS WHO HAVE PLENTY OF ENERGY AND ENJOY WORKING ON THEIR OWN.
100
HOW MANY PERSONS DO YOU NEED TO START A BUSINESS?
AT LEAST 2 OR HOWEVER MANY YOU HAVE THAT START AMONG YOU.
100
PARTNERSHIPS IN WHICH A PARTNER'S LIABILITY IS LIMITED TO THE AMOUNT OF THE PARTNER'S INVESTMENT.
LIMITED PARTNERSHIP
200
TO WHOM THE MONEY IS OWNED
CREDITOR
200
IF A PARTNER WISHES TO SELL HIS OR HER INTEREST IN THE BUSINESS, IT MAY BE ..?
A. DIFFICULT
B. EASY
A. DIFFICULT
200
WHAT IS THE FIRST STEP IN PREPARING A BUSINESS?
A BUSINESS PLAN
200
DO YOU REALLY NEED A PARTNER?
NO,BECAUSE YOU WOULDN'T HAVE TO WORRY ABOUT SOMEONE GETTING IN YOUR WAY.
YES,BECAUSE IT WOULD PROBABLY COME IN HANDY TO HAVE AN EXTRA HAND TO HELP YOU OUT WITH YOUR BUSINESS.
200
A BUSINESS OWNED AND MANAGED BY ONE PERSON.
SOLE PROPRIETOR
300
THE OWNER-MANAGER OF A BUSINESS
PROPRIETOR
300
PART-TIME PROPRIETORSHIP ARE COMMON BECAUSE THEY ARE MORE LIKELY TO MAKE?
MONEY
300
WHAT SHOULD ENTREPRENEURS CAREFULLY CONSIDER?
THE RESPONSIBILITIES OF OWNERSHIP BEFORE OPENING A BUSINESS.
300
WHAT IS PARTNERSHIP?
A BUSINESS OR FILM OWNED AND RUN BY TWO OR MORE PARTNERS.
300
GOVERNMENT-SUPPORTED AGENCY THAT COUNSELS, ASSISTS, AND PROTECTS THE INTERESTS OF SMALL BUSINESSES.
SMALL BUSINESS ADMINISTRATION (SBA)
400
A BUSINESS OWNED BY TWO OR MORE PERSONS.
PARTNERSHIP
400
MANY SMALL RETAIL AND SERVICE ARE SINGLE-OWNED FIRMS BECAUSE WHY?
THEY ARE THE EASIEST TO START
400
ACCORDING TO THE LAW, EACH MEMBER OF THE PARTNERSHIP HAS AN UNLIMITED FINANCIAL ______?
LIABILITY
400
WHATS THE DIFFERENCE BETWEEN A PARTNERSHIP AND A PROPRIETOR?
PARTNERSHIP-A BUSINESS OR FILM OWNED AND RUN BY TWO OR MORE PARTNERS.
PROPRIETOR-THE OWNER OF A BUSINESS, OR A HOLDER OF PROPERTY.
400
CENTERS THROUGH WHICH THE SBA OFFERS FREE CONSULTING ASSISTANCE.
SMALL BUSINESS DEVELOPMENT (SBDCs)
500
CLAIMS AGAINST ASSETS OR THINGS OWNED-DEBTS OF A BUSINESS
LIABILITIES
500
WOULD THEY HAVE TO PAY MORE OR LESS TAXES THAN A CORPORATION?
LESS
500
WHAT YOU NEED TO PREPARE FOR STARTING A BUSINESS IS..?
A. RESPONSIBILITIES
B. BUSINESS PLAN
C. GOALS
D. ALL OF THE ABOVE
D. ALL OF THE ABOVE
500
SOMETIMES WHEN PARTNERS DRAW UP A PARTNERSHIP CONTRACT, THEY SPECIFY A DEFINITE LENGTH OF TIME, WHICH IS?
10 YEARS
500
LIABILITY OF EACH MEMBER OF A PARTNERSHIP FOR ALL THE DEBTS OF THE BUSINESS.