BUS 362 Week 2 Quiz\t\u00a0\t1. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Advantages to buying an existing business that you do not have with a startup include:\t2. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Probably the most important reason to have a partnership agreement is that:\t3. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Before purchasing an existing business, an entrepreneur should analyze both its existing and its potential customers.\t4. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Most franchisers provide extensive financial help such as loans and low-rate financing for their franchises.\t5. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 The most critical disadvantage of the sole proprietorship is:\t6. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 A ________________________ is a relatively new form of partnership whose shares are traded on stock exchanges, just like a corporation’s shares.\t7. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Capital requirements, estimate earnings, and return on investment are three aspects of the financial feasibility analysis.\t8. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 The most common reasons that owners of small businesses give for selling are the intensity of competition and an inability to raise sufficient cash to continue to grow.\t9. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 A franchise is a system of distribution in which semi-independent business owners pay ____________ and ____________ to a parent company in return for the right to become identified with its trademark, to sell its product or services, and often to use its business format and system.\t10. \ufffd\u00a0 Question : \ufffd\u00a0\u00a0 Porter’s five forces model assess industry attractiveness by surveying these five factors:\tBUS 362 Week 2 Quiz 1\t\u00a0\t1.Question:\u00a0\u00a0 An analysis that determines the degree to which a product or service idea appeals to potential customers and identifies the resources necessary to produce the product or provide the service is refereed to as:\t2.Question:\u00a0\u00a0 Laurette has entered into a contract with Jackson to purchase his retail music shop. Jackson’s lease on the existing building (which is in an excellent location) has five years remaining. If Laurette wants the lease to be part of the business sale: \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t3.Question:\u00a0\u00a0 The most common reasons owners of small- and medium-sized businesses give for selling their businesses are: \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0\t4.Question:\u00a0\u00a0 The most common reasons that owners of small businesses give for selling are the intensity of competition and an inability to raise sufficient cash to continue to grow. \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\t5.Question:\u00a0\u00a0 Which of the following is not true regarding the limitations of professional corporations?\u00a0\u00a0\u00a0\u00a0\t6.Question:\u00a0\u00a0 The most critical disadvantage of the sole proprietorship is: \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t7.Question:\u00a0\u00a0 The financial feasibility analysis takes these aspects into consideration: \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\t8.Question:\u00a0\u00a0 Entrepreneurs should not spend much time selecting a form of ownership for their businesses because making the choice is merely a technicality, which has little impact on the business and its owner(s). \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0 \ufffd \ufffd\u00a0\t9. Question:\u00a0\u00a0 Question:\u00a0\u00a0 Which of the following is not true of a limited liability partnership? \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0\t10.Question:\u00a0\u00a0 Before purchasing an existing business, an entrepreneur should analyze both its existing and its potential customers.\t\u00a0\tBUS 362 Week 2 Quiz 2\t\u00a0\t\u00a0\t1. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 By signing the franchise contract, a franchisee typically surrenders some freedom and autonomy in operating his business.\t2. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 A ________________________ is a relatively new form of partnership whose shares are traded on stock exchanges, just like a corporation’s shares.\t3. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 A joint venture is different from a partnership in that the joint venture:\t4. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 A special type of limited partnership in which all partners who, in many states must be considered to be professionals, are limited partners.\t5. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Carly will be presenting her business plan to potential lenders and investors soon. Which of the following is notone of the suggested helpful tips for presenting the business plan?\t6. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 The three “tests”\ufffd associated with a business plan are:\t7. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Which of the following is not true of a limited liability partnership?\t8. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 The first step an entrepreneur should take when buying an existing business is to:\t9. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 What is the lesson to be learned about writing a business plan from Leo Burnett’s statement, “Don’t tell people how good you make the goods; tell them how good your goods make them?”\ufffd\t10. \ufffd\u00a0 Question : \ufffd\u00a0\u00a0 Capital requirements, estimate earnings, and return on investment are three aspects of the financial feasibility analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"
BUS 362 Week 2 Quiz \u00a0 1. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Advantages to buying an existing business that you do not have with a startup include: 2. \ufffd\u00a0\u00a0\u00a0 Question : \ufffd\u00a0\u00a0 Probably the most important reason to have a partnership Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-204718","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/204718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=204718"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/204718\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=204718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=204718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=204718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}