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UTD EXAM 2 ENTP 3301 STUDY GUIDE EXAM QUESTIONS AND ANSWERS.

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UTD EXAM 2 ENTP 3301 STUDY GUIDE EXAM QUESTIONS AND ANSWERS.

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ENTP 3301 Exam 2
FG FG FG




ImportanceFGofFGentrepreneurshipFGtoFGtheFGeconomyFG-FGcorrectFGanswer✔
✔
EntrepreneursFGcanFGchangeFGtheFGwayFGweFGliveFGandFGwork.FGIfFGsuccess
ful,FGtheirFGinnovationsFGmayFGimproveFGourFGstandardFGofFGliving,FGandFGinF
GadditionFGtoFGcreatingFGwealthFGwithFGtheirFGentrepreneurial FGventures,FGth


eyFGalsoFGcreateFGjobsFGandFGtheFGconditionsFGforFGaFGprosperousFGsociety.


EntrepreneurialFGcharacteristicsFG-FGcorrectFGanswer✔ ✔
Motivation,FGCreativity,FGPersuasiveness,FGVision,FGVersatility,FGRiskFGt
olerance,FGFlexibility,FGDecisiveness,FGCollaboration


SoleFGProprietorshipFG-FGcorrectFGanswer✔ ✔
AFGbusinessFGownedFGbyFGoneFGperson


GeneralFGPartnershipFG-FGcorrectFGanswer✔ ✔
partnershipFGinFGwhichFGpartnersFGshareFGequallyFGinFGbothFGresponsibility
FGandFGliability




FranchiseFG-FGcorrectFGanswer✔ ✔
AFGbusinessFGestablishedFGorFGoperatedFGunderFGanFGauthorizationFGtoFGsel
lFGorFGdistributeFGaFGcompany'sFGgoodsFGorFGservicesFGinFGaFGparticularFGarea

, LimitedFGpartnershipsFGandFGlimitedFGliabilityFGpartnershipsFG(LLP)FG-
FGcorrectFGanswer✔ ✔
LimitedFGliabilityFGpartnerships,FGareFGpartnershipsFGforFGlegalFGandFGinco
meFGtaxFGpurposes,FGliableFGonlyFGforFGcommercialFGdebtFGandFGtheirFGownFG
malpractice,FGnotFGpartners


LimitedFGLiabilityFGCompanyFG(LLC)FG-FGcorrectFGanswer✔ ✔
aFGcorporateFGstructureFGwherebyFGtheFGmembersFGofFGtheFGcompanyFGareF
GnotFGpersonallyFGliableFGforFGtheFGcompany's FGdebtsFGorFGliabilities




CFGcorporationFG-FGcorrectFGanswer✔ ✔
TheFGmostFGcommonFGtypeFGofFGcorporation,FGwhichFGisFGaFGlegalFGbusine
ssFGentityFGthatFGoffersFGlimitedFGliabilityFGtoFGallFGofFGitsFGowners,FGwhoFGare
FGcalledFGstockholders




SFGcorporationFG-FGcorrectFGanswer✔ ✔
AFGuniqueFGgovernmentFGcreationFGthatFGlooksFGlikeFGaFGcorporationFGbutF
GisFGtaxedFGlikeFGsoleFGproprietorship FGandFGpartnerships




CreativityFGandFGcreativityFGtechniquesFG-FGcorrectFGanswer✔ ✔
methodsFGthatFGencourageFGcreativeFGactions,FGwhetherFGinFGtheFGartsFGorFG
sciences.FGTheyFGfocusFGonFGaFGvarietyFGofFGaspectsFGofFGcreativity,FGincludi
ngFGtechniquesFGforFGideaFGgenerationFGandFGdivergentFGthinking,FGmethodsF
GofFGre-


framingFGproblems,FGchangesFGinFGtheFGaffectiveFGenvironmentFGandFGsoFGo

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