One advantage of a general partnership over a sole proprietorship is a general partnership

can rely on more than one person for financial backing

A business owner with unlimited liability

could have to sacrifice personal money and assets

Which of the following phrases best describes a wholesaling business

a business that sells products to retailers

Over the past fifty years the American economy has changed in what way?

service and trade businesses have become the dominant

Which of the following statements about corporations is true?

corporations sell stock to raise money

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DePaul Fall 2016

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Week #2

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Questions 25

Answers

1
One advantage of a general partnership over a sole proprietorship is a general partnership
ia a corporation
provides unlimited laiability
provides limited liability
can rely on more than one person for financial backing
2
Solving issues for greater society at a profit
Non-profit
Not-for-profit
Socialism
Social Entrepreneurship
3
The group of people most likely to purchase your product or service
General Market
Niche Market
Mass Market
Target Market
4
First offering of a firms' stock (shares) on the stock market, at the time it 'goes public.
Stock Purpose
Bullish
Stock Inquisition
IPO
5
The purpose of a cooperative
to earn profits
to pay dividends to investors
to benefit it members
to provide unlimited liability to members
6
A business owner with unlimited liability
is a shareholder of the business
could have to sacrifice personal money and assets
is not personally responsible for business debt
would not have to sacrifice personal money for the business
7
The cost of investing or getting the business going
Pessimistic Cost
Opportunity Cost
Cost of Goods Sold
Opportunity Regulation
8
Which of the following phrases best describes a wholesaling business
a business that converts materials into products for sale
a business that performs service
a business that sells products to final buyers
a business that sells products to retailers
9
A Way to scale a business without losing ownership
Retail
Franchise
Merge
Wholesales
10
The value on a balance sheet
Net Worth
Unrealized Gains
Net Present Value
Liquidity
11
A company may pay this when it does well
Taxes
Profits
Dividend
Commission
12
Most business in the US are
corporations
cooperatives
sole proprietorships
partnerships
13
One who offers advice
Proctor
Mentor
Mentee
Doctor
14
The act of always looking to profit
Socialism
Fascism
Capitalism
Communisim
15
Paid to employees for hours worked
Sales
Commission
Wage
Salary
16
Solving energy problems at a profit
Ergonomometrics
Medicinal Usage Tax
Solar Consulting
Green Entrepreneurship
17
Over the past fifty years the American economy has changed in what way?
wholesaling has become the dominant industry in the economy
service businesses have become far less important
manufacturing has replaced retailing as the most dominant
service and trade businesses have become the dominant
18
An evaluation of a proposed project to determine if it is possible, affordable, and profitable
Cost Analysis
Situation Analysis
Feasibility Analysis
Cost Benefit Analysis
19
Which of the following statements about corporations is true?
corporations are easier to set up that sole proprietorships
a cooperative is a type of corporation
corporations sell stock to raise money
a limited partnership is a type of corporation
20
A Small Business
Nano Economics
Macro Enterprise
Small Business
Micro Enterprise
21
The businesses predicted to undergo the most growth in the coming decade are
businesses that convert materials into products
primarily service businesses
businesses that sell retail products to wholesalers
primarily manufacturing businesses
22
One who seeks to solve problems at a profit
Business
Entrepreneur
Intrapreneur
Business Manager
23
Which type of business ownership provides limited liability for the owner(s)?
Sole Proprietorship
General Partnership
All Three
Corporation
24
The Bottom Line
Net Profit
Profit
Total Revenue
Gross Profit
25
Where loss ends and profit begins to accumulate.
Cross Calculation
Breakeven Point
Bell Curve
Inflation

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