Entrepreneurship I Review (3.05-3.06)

Question 1

Which law protects a business's inventions or written works from the unauthorized use by others

Accepted Answer

Intellectual Property

Question 2

What Law governs Sales?

Accepted Answer

Uniform Commercial Code - UCC

Question 3

Failure to perform under an enforceable Contract constitutes a:

Accepted Answer

Breach of Contract

Question 4

A Business that fails to protect its employees from unnecessary risks could be sued for:

Accepted Answer

Negligence

Question 5

Disadvantage - Corporation?

Accepted Answer

Double Taxes

Question 6

Files for Bankruptcy through Liquidation

Accepted Answer

Chapter 7

Question 7

Protects the future value of Company slogan?

Accepted Answer

Trademark

Question 8

SWOT Analysis - Where are we making Money?

Accepted Answer

Strength

Question 9

SWOT Analysis - What is our competition doing?

Accepted Answer

Threat

Question 10

SWOT Analysis - What resources do we lack?

Accepted Answer

Weakness

Question 11

If I propose an alternative to your Offer, I have made a:

Accepted Answer

Counteroffer

Question 12

Why do businesses with excessive debts often file Chapter 7 bankruptcy?

Accepted Answer

To liquidate

Question 13

SWOT Analysis - What economic trends are beneficial to us?

Accepted Answer

Opportunity

Question 14

What two attractive features does a Hybrid business structure provide?

Accepted Answer

Single Tax and Limited Liability

Question 15

Which is NOT a element of an enforceable Contract?

Accepted Answer

An Agenda

Question 16

Files for Bankruptcy through a Reorganization of the Business?

Accepted Answer

Chapter 11

Question 17

Which is not a type of Corporation?

Accepted Answer

General

Question 18

Advantage - Sole proprietorship?

Accepted Answer

Easy to Form

Question 19

Advantage - General Partnership?

Accepted Answer

Shared workload

Question 20

Protects the future value of a creative song or music?

Accepted Answer

Copyright

Questions 20