Test Bank Entrepreneurship, New Ventures, and Business Ownership

Test Bank Entrepreneurship, New Ventures, and Business Ownership

This test bank contains 148 test bank questions as well as open ended questions (essay type questions) with all answers.

Test Bank Entrepreneurship, New Ventures, and Business Ownership will help you to assess following learning objectives of students:

1. Define small business, discuss its importance to the U.S. economy, and explain popular
   areas of small business.

2. Explain entrepreneurship and describe some key characteristics of entrepreneurial personalities and activities.

3. Describe distinctive competence, the business plan and the start-up decisions made by small businesses and identify sources of financial aid available to such enterprises.

4. Discuss the trends in small business start-ups and identify the main reasons for success and failure among small businesses.

5. Explain sole proprietorships, partnerships, and cooperatives and discuss the advantages and disadvantages of each.

6. Describe corporations, discuss their advantages and disadvantages, and identify different kinds of corporations; explain the basic issues involved in managing a corporation and discuss special issues related to corporate ownership.

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