1) What is an entrepreneur?
Answer: An entrepreneur is a businessperson who accepts both the risks and the opportunities involved in creating and operating a new business venture.
2) Why might an entrepreneur wish to purcha an existing business rather than starting one from scratch?
Answer: An entrepreneur may wish to purcha an existing business becau of an incread chance for success. An existing business will have established working relationships with lenders, suppliers, and the community. The track record of an existing business gives potential buyers a much clearer picture of what to expect than any estimate of a new business' prospects.
3) In a franchi, what are advantages and disadvantages for the franchie?
Answer: The advantages of franchising include access to managerial and financial help, the benefits of the lling corporation's experti and experience, and reduced chances of f
ailure. The disadvantages of franchising include significant startup costs and continued obligations to contribute a percentage of sales to parent corporations.
4) What is a venture capital company?
Answer: A venture capital company is a group of small investors eking to make profits on companies with rapid growth potential.
5) How has the Internet affected small-business start-ups in recent years?
Answer: Becau the Internet provides fundamentally new ways of doing business, entrepreneurs have created and expanded new business faster and easier than ever before.
6) What are four reasons for small business failure cited in the text?
Answer: Small business fail becau of managerial incompetence or inexperience, neglect, weak control systems, and insufficient capital.
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7) What are four reasons for small business success cited in the text?
Answer: Small business succeed becau of hard work, drive, and dedication; market demand for products or rvices being provided; managerial competence; and luck.
红子鸟8) Describe three advantages of operating a business as a sole proprietorship.
Answer: The advantages of sole proprietorships include freedom, ea of formation, and tax benefits. A sole proprietor is free to operate his or her business as he or she desires. There are few legal requirements for startup, and low startup costs. Loss from a sole proprietorship can offt income from personal sources, providing tax benefits.
9) Describe three disadvantages of operating a business as a sole proprietorship. 劳动的劳怎么写
Answer: The disadvantages of sole proprietorships include unlimited liability, lack of continuity, and limited financing options. A sole proprietor is totally responsible for all of the debts of the business and may have to give up personal asts to repay tho debts. A sole proprietorship lacks continuity becau the business dissolves with the death of th
e owner. Finally, sole proprietors have a limited ability to cure financing, relying mostly on their personal resources.
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10) Discuss the advantages and disadvantages of partnerships.
Answer: Advantages of partnerships include their ability to grow with the addition of new talent and money, ea of organization, and independent legal status. Disadvantages are unlimited liability, potential lack of continuity, difficulty of transferring ownership, and little or no guidance for resolving internal conflicts.
11) Explain limited liability in a corporation.
Answer: The biggest advantage of corporations is limited liability: Investor liability is limited to personal investment (through stock ownership) in the corporation. In the event of failure, the courts may ize and ll a corporation's asts but cannot touch the investors' personal posssions.
12) Explain a tender offer.
Answer: A tender offer is an offer to buy shares made by a prospective buyer directly to a corporation's shareholders. A corporation can be taken over against the will of its managers through a tender offer.
13) What is a private corporation?
Answer: A private corporation is one in which stock is held by only a few people and is not available for sale to the public.
14) What is a multinational corporation?春节上海旅游攻略
Answer: A multinational corporation spans national boundaries; stock may be traded on the exchanges of veral countries.
15) A corporation must be managed on the principles of corporate governance. Explain what this is.
苏州山塘街攻略Answer: Corporate governance is the role of shareholders, directors, and other manager
s in corporate decision making and accountability. This governance is established by a firm's bylaws and usually involves stockholders, the board of directors and officers.
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16) Describe a merger.
女生撩男生Answer: A merger occurs when two firms combine to create a new company.
17) What is a divestiture?
