Taxing your partnership...

Each partner is taxed like a sole proprietor

may incorporate in any state it chooses

receive part of the profit before other stock classes

Service Corps of Retired Executives

Women-owned businesses have a below average failure rate

Can you keep employees?

personal relationships with employees

studbud

BUS 150 - Test 2

25 termsStudBud Administration94 plays

Imported from external platform

Flashcards25 cardsFPractice quizPHost liveL

Questions 25

Answers

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

BUS 150 - Test 2 Flashcards | StudBud