chapter 4 - small bus mgmt. with correct answers 100%

chapter 4 - small bus mgmt. with correct answers 100% all of the following are components of the operational plan segment in a comprehensive business plan except - Correct Answer contingency plans which is NOT a method of establishing a business - Correct Answer expel an existing business owner select all advantages of a corporation from the list below - Correct Answer the owners, it can assist, easier to raise funds which is not a component of the description of venture segment in a comprehensive business plan - Correct Answer manufacturing process a business plan prepared for a lender should emphasize - Correct Answer the entrepreneur's security or collateral position which is not an advantage of organizing a small business from scratch - Correct Answer have template to follow T/F - executive summary of a business plan is written first - Correct Answer F which is not a component of the assessment of risk segment in a comprehensive business - Correct Answer strengths of the business all of the following are advantages of writing your own business plan EXCEPT - Correct Answer writing a business plan can take a significant investment of time all of the following are components of the industry analysis in a comprehensive business plan except - Correct Answer financial industry which is not a use of the business plan - Correct Answer provides direct funds as it is a salable item when organizing a small business from scratch, the business has a ___% chance of survival - Correct Answer 20 which is not a question that the executive summary of a business plan should address - Correct Answer why chose the specific business size which is not a component of the organizational plan segment in a comprehensive business plan? - Correct Answer identity of suppliers which is not a rule of thumb commonly used in the insurance industry regarding insurance purchase decisions - Correct Answer do risk a lot for a little a legal entity that is separate and distinct from the shareholders of the business is called - Correct Answer corporation which is not a method of managing risk - Correct Answer insurance evasion when buying an existing small business, the business has a ___% chance of survival - Correct Answer 70 which is not an essential aspect of the marketing program - Correct Answer promote ability of sales staff which is not a criteria commonly used in selecting the business site - Correct Answer demographics which is not an important factor in a buy or lease decision - Correct Answer saturation index all of the following are disadvantages of a sole proprietorship except - Correct Answer limited liability which is not a common indicator used to determine financial evaluation measures of a business - Correct Answer source of funding ___________ usually provide only the financial investment as their part of the ownership interest and obtain limited liability in exchange for not taking an active part in the day-to-day management of the business - Correct Answer limited partners a recent study of 100 successful canadian small business owners found that _____% used full-scale business plans - Correct Answer 53 estimates are that soon ____ households will be running either a part-time or full-time business - Correct Answer two out of three the most commonly obtained legal protection for small business is a right granted by the gov.......... - Correct Answer patent T/F - faster the firm gets back its investment in raw materials and finished goods, the faster that capital can be reinvested to meet additional customer needs - Correct Answer T