Business Foundations - WebXam Practice - Part I

Money provided by large investors to finance new products and new businesses that have a good chance to be profitable.

A company or group of people authorized to act as a single entity.

Which of the following is NOT a disadvantage of a partnership?

Anything that can be trademarked, patented, or copyrighted. It means the creator owns the right to the idea or creation.

Which of the following is NOT an advantage of a sole proprietorship?

The purchase of a company by another company.

Making a profit on a stock, you have to pay taxes to the government.

Which of the following happens when a takeover is attempted by going straight to shareholders rather than agents.

Combination of two or more companies into a single firm.

Which of the following is NOT a disadvantage of a sole proprietorship?

Which of the following is not an advantage of a corporation?

Which of the following is a business in which two or more people combine their assets and skills?

A whole that is greater than the sum of its parts.

Raising money for a project or venture by obtaining many small amounts of money from many people

Which of the following is defined as accomplishing tasks that help fulfill the correct problem at hand?

Which of the following is NOT one of the aspects of planning?

Which of the following does NOT show the importance of small businesses?

Which of the following is NOT one of the four areas of management?

Which of the following is NOT a disadvantage of entrepreneurship?

Which of the following is not an advantage of being an entrepreneur?

Provides business owners with limited liability and no "double taxation". an easy way for individuals to register...

Why are small companies better at fostering innovation?

An organization that is set up to help those in need but not to make a profit from the business.

Which of the following is NOT an advantage of a partnership?

A business owned and operated by one person that receives all of the profit from the business and assumes all risks.

Individuals who invest in start-up companies with high growth potential in exchange for a share of ownership. They...

"The owner is personally and fully responsible for all losses and debts of the business" is the definition of:

A person who starts up and takes on the risk of a business.

A form of business ownership in which the owners are liable only up to the amount of their individual investments.

Which of the following is defined as doing something at the lowest possible cost while also doing it quickly?