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BUS 362 Week 2 Quiz (3 Set)
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BUS 362 Week 2 Quiz (3 Set)

This Tutorial was purchased 3 times & rated A+ by student like you.

 

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BUS 362 Week 2 Quiz

 

1.         Question :        Advantages to buying an existing business that you do not have with a startup include:

2.         Question :        Probably the most important reason to have a partnership agreement is that:

3.         Question :        Before purchasing an existing business, an entrepreneur should analyze both its existing and its potential customers.

4.         Question :        Most franchisers provide extensive financial help such as loans and low-rate financing for their franchises.

5.         Question :        The most critical disadvantage of the sole proprietorship is:

6.         Question :        A ________________________ is a relatively new form of partnership whose shares are traded on stock exchanges, just like a corporation’s shares.

7.         Question :        Capital requirements, estimate earnings, and return on investment are three aspects of the financial feasibility analysis.

8.         Question :        The most common reasons that owners of small businesses give for selling are the intensity of competition and an inability to raise sufficient cash to continue to grow.

9.         Question :        A franchise is a system of distribution in which semi-independent business owners pay ____________ and ____________ to a parent company in return for the right to become identified with its trademark, to sell its product or services, and often to use its business format and system.

10.       Question :        Porter’s five forces model assess industry attractiveness by surveying these five factors:

BUS 362 Week 2 Quiz 1

 

1.Question:   An analysis that determines the degree to which a product or service idea appeals to potential customers and identifies the resources necessary to produce the product or provide the service is refereed to as:

2.Question:   Laurette has entered into a contract with Jackson to purchase his retail music shop. Jackson’s lease on the existing building (which is in an excellent location) has five years remaining. If Laurette wants the lease to be part of the business sale:                                

3.Question:   The most common reasons owners of small- and medium-sized businesses give for selling their businesses are:                        

4.Question:   The most common reasons that owners of small businesses give for selling are the intensity of competition and an inability to raise sufficient cash to continue to grow.                            

5.Question:   Which of the following is not true regarding the limitations of professional corporations?    

6.Question:   The most critical disadvantage of the sole proprietorship is:                           

7.Question:   The financial feasibility analysis takes these aspects into consideration:                                 

8.Question:   Entrepreneurs should not spend much time selecting a form of ownership for their businesses because making the choice is merely a technicality, which has little impact on the business and its owner(s).                                  

9. Question:   Question:   Which of the following is not true of a limited liability partnership?                   

10.Question:   Before purchasing an existing business, an entrepreneur should analyze both its existing and its potential customers.

 

BUS 362 Week 2 Quiz 2

 

 

1.         Question :        By signing the franchise contract, a franchisee typically surrenders some freedom and autonomy in operating his business.

2.         Question :        A ________________________ is a relatively new form of partnership whose shares are traded on stock exchanges, just like a corporation’s shares.

3.         Question :        A joint venture is different from a partnership in that the joint venture:

4.         Question :        A special type of limited partnership in which all partners who, in many states must be considered to be professionals, are limited partners.

5.         Question :        Carly will be presenting her business plan to potential lenders and investors soon. Which of the following is notone of the suggested helpful tips for presenting the business plan?

6.         Question :        The three “tests” associated with a business plan are:

7.         Question :        Which of the following is not true of a limited liability partnership?

8.         Question :        The first step an entrepreneur should take when buying an existing business is to:

9.         Question :        What is the lesson to be learned about writing a business plan from Leo Burnett's statement, “Don't tell people how good you make the goods; tell them how good your goods make them?”

10.       Question :        Capital requirements, estimate earnings, and return on investment are three aspects of the financial feasibility analysis.

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