ESB Review 3

Front

A ______________ is intangible, this can include car detailing or computer repairs

Back

service

Front

Disperses financial responsibility and dissolves upon the death of a partner. Options: General or Limited Partnership, C Corporation, S Corporation, Sole Proprietorship or Partnership, Limited Liability Corporation

Back

General or Limited Partnership

Front

Is best for international businesses, have limited liability, and are double taxed.

Back

C Corporation

Front

Not owned by anyone, do not pay US federal taxes

Back

Non-Profit Corporation

Front

Which of the following is not generally a personal characteristic of a successful entrepreneur? Courage, Creativity, Curiosity, Cautiousness

Back

Cautiousness

Front

Imagine a student who believes that their academic abilities can be developed through dedication and hard work. This mindset creates a love of learning and resilience that is essential for achieving great academic success. This is characteristic of...

Back

A student with a Growth Mindset

Front

Which viability factor analyzes the skills of employees?

Back

Management skillset

Front

George came up with a secret banana bread recipe that he sells in his bakery. Which intellectual property law would best protect his recipe?

Back

Trade secret

Front

Business Life Cycle Stages: Stage 5 - When the owner can separate financially and operationally from the business

Back

Resourse Maturity Stage

Front

When considering the reliability of the management for a business opportunity, what else should one consider at this time? Options: the cost of the product, the cost of management, One's own skillset, The employees' skillset

Back

One's own skillset