Entrepreneurship Midterm Practice

what ar ethe potential consequences if a business does not follow regulations?

Adits are used only when a business suspects someone of stealing

an example of an uncontrolled risk is

if retail sales are up, what does this likely mean for a small business?

which of the following is an illiquid asset

if a business goes bankrupt, it automatically closes

natural risks would be examples of

many franchises require franchisees to pay royalties

if an employee is fired unfairly, his or her case would fall into which of the following categories of law?

when faced with a pure risk, a business owner can

which of the following types of business do not require an attorney to set up?

the amount of taxes a business owes is a/an

cash basis and accrual accounting methods will produce slightly different bottom lines

intellectual property law deals with

Which of the following might vary in an online purchase depending on where the purchaser lives?

if the value of a country's currency is low, it will lead to economic decline in all areas

if $1 equals 6.21 Chinese yen, an item that costs 75 Chinese yen would be how much in US dollars?

what percentage of businesses in America are home businesses?

buying an existing business may allow anew business owner to start making money right away

human risks include which of the following

What will an executive summary for a new business contain that a business plan for a well established business will not?

which of the following could be a marketing advantage for a product that is not necessarily unique or new?

A business' fiscal year can begin at any point as long as it covers a 12 month period.

a bank or other investor will consider a business solid of it has a debt ratio of

why is a profit and loss statement useful for a business?

all of the following are examples of start-up costs EXCEPT

what makes a contract different from an agreement?

when using price competition, a business does not want to have the most expensive product on the market.

The difference between a C corp and an S corp is

all of the following might be determined by the franchiser in the franchise agreement EXCEPT