Can you keep employees?

personal relationships with employees

Women-owned businesses have a below average failure rate

receive part of the profit before other stock classes

Taxing your partnership...

Each partner is taxed like a sole proprietor

may incorporate in any state it chooses

studbud

BUS 150 - Test 2

25 termsStudBud Administration15 plays

#BUS150 Review for Chapters 4-7

Flashcards25 cardsFPractice quizPHost liveL

Questions 25

Answers

1
???
knows she cannot delegate the accountability for the work
does not trust her subordinates
does not care if the work is done
is so disorganized she cannot plan effectively
2
What's the SCORE?
Self Concerned Office of Real Executives
Societal Concepts for Raising Ethics
Service Corps of Retired Executives
Sam's Cooperative's Operating in Reno
3
A resourceful question...
revenue producing
supplies
material
equipment
4
Next...
par distribution
dividend
earnings per share
distributed payment
5
???
small-business institute
small business administration
community improvement council
small business investment company
6
Chapter 5
sole proprietors
partnerships
corporations
joint ventures
7
More from Chapter 7
product
specialty
function
location
8
Common mistakes....
Sell too many goods and services
invest too much in advertising
overexpansion without proper planning
invest too much of their own money
9
Show me the money....
syndicate
partnership
sole proprietorship
corporation
10
Can you keep employees?
personal relationships with employees
simplified record keeping
limited ability to raise capital
better pay and benefits
11
Budget...
stating objectives
strategic planning
contingency planning
tactical planning
12
???
work hard
delegate
teach class
prioritize
13
Here's a good one...
Women-owned business owners have lower tax rates
Women start business at the same rate as men
Women are almost always sure to succeed
Women-owned businesses have a below average failure rate
14
A common question
share in profits
receive information about the corporation
attend the annual stockholders' meeting
receive part of the profit before other stock classes
15
Small business
landscaping business
flower shop
electric company
restaurant
16
Taxing your partnership...
A partnership is exempt from taxes
Profits are taxed twice
The partnership is taxed as a separate entity
Each partner is taxed like a sole proprietor
17
I need a loan...
the government
private lenders
insurance companies
the SBA loan office
18
Next question...
sharing corporation
open corporation
closed corporation
S-corporation
19
What's the plan?
contingency plan
operational plan
mission
strategic plan
20
Next...
marketing plan
business plan
articles of business
organizational plan
21
Next question, Inc.
must incorporate in the state where it does most business
none of the above
may incorporate in any state it chooses
must incorporate in the state it is headquartered
22
More partnerships...or is it sole proprietorships?
Ease of start-up
no access to capital
unlimited liability
lack of secrecy
23
Next...
redesign
rotation
specialization
enrichment
24
Chick-fil-A
objectives
mission
core competencies
resources
25
???
accountability
responsibility
delegation
authority

BUS 150 - Test 2 Flashcards | StudBud