Chapter 6: A Business of Your Own

Money needed to start and maintain a business

All of the following are examples of retail businesses except for

If it costs $50,000 to open a business and you are in a 5 person partnership, how much must each party pay to start it?

All of the following are examples of service businesses except for

Selling stock in a company provides a greater amount of money for operating a business

The starting and owning of a person's own business

What is the MAIN purpose of the SBA

What is the first step to entrepreneurship?

What does SBA stand for

Publicly held corporations are corporations in which only certain people (most time family members) can buy stock

Retail businesses do tasks for customers for a fee

In order to be a successful entrepreneur you must have what?

Retail businesses and service businesses are similar by both providing for customers

Which of the following is not a goal aspiring entrepreneurs have?

There are no disadvantages for entrepreneurs

A large quantity of items packaged in bulk with a per-item cost below the retail price

Although stockholders own a corporation, they have little responsibility for business decisions

Which of the following is not a basic type of business organization

Which of the following is a question that needs to be answered when constructing a business plan?

Sole proprietorship is the easiest type of business to start and dissolve