Gmetrix entrepreneur test Questions And Answers Rated A+ New Update Assured Satisfaction

Based upon his finding, which approach might be less stressful for the entrepreneur to have her own business? - Answer-Buy an existing business that is already successful Based on the scenario provided, what would be emphasized in marketing to attract customers? - Answer-Location The entrepreneur decides to begin advertising his services in this community. Which would be emphasized in marketing to attract customers to his new business? - Answer-Lower prices Which is the greatest benefits of entrepreneurship? - Answer-Being your own boss Which are three risks of entrepreneurship? - Answer-Financial insecurity, potential business failure, long hours Which benefit of entrepreneurship will Gabe most enjoy? - Answer-Autonomy- the freedom to make his own rules, hire his own employees, and set his own schedule What is a primary benefit of starting a new business without purchasing a franchise or buying an existing business - Answer-Developing your own rules Given the facts provided, which opportunity would be the best choice for the motorcycle mechanic to open a business? - Answer-Start a new business and invest $50,000 in modern diagnostic tools Which opportunity for starting a leather craft business would have the highest probability for success? - Answer-Build a online storefront Which customer group all this new auto mechanic business support? - Answer-Businesses Which method of segmentation is the owner using? - Answer-GeographicWhich two initiatives meet this objective? - Answer-Offering a list of references from other parents, providing live web cams parents can access from the internet by using a secure log on. What is a legitimate value proposition for potential customers? - Answer-Providing extended hours to pickup and drop off pets before and after work Which two groups benefit the most from a well written business plan? - Answer-Business owner, investors Which of the following should be addressed in the description section of a business plan? - AnswerTarget markets Match the business legal structures to its unique characteristic - Answer-Sole proprietorship- easy to setup, but has unlimited liability General or limited partnership- terminated upon death of partner C cooperation- double-taxed, but best for international businesses S cooperation- similar to C cooperation, but taxed at a lower rate Nonprofit cooperation- owned by no one, pays no U.S federal tax Limited liability company- best for single member seeking low risk What is the amount of start up capital the partners will need to open the awning repair business? - Answer-$84,920 Equipment lease is $3000 x 2 months=$6,000 materials and supplies is $20,000 x 2 months=$40,000 licensing is $200 payroll is $12,000 x2 months =$24,000 advertising is $1,000 x2 months ect. Before opening the business, the owner will most likely need to obtain which of the following documents from each employee to verify they have completed a course in food handling safety? - Answer-Certificate How much will the individual owe by the end of the loan assuming nothing is paid until the end of the 2 year term(future value of loan)? - Answer-$1, 102.50Which agency should the carpenter utilize? - Answer-SBA A software development consultant works with several clients, some of the clients are competitors. What is a consequence is the consultant violates confidentiality by discussing a clients project with another client? - Answer-Loss of clients and possible lawsuits Match the business and strategy to its result - Answer-Harvesting- exchanging ownership for cash, either by acquisition or merger Management buyout- transferring ownership to people who already operate the business Employee stock ownership plan(ESOP)- a business owner sells ownership to a retirement fund for the employees Initial Public Offering- divining ownerhship of a private help company into shares sold to the public Places the tasks for this process in order from first to last - Answer-1st- identify the skills required of a new chef 2nd- write the job description l, including minimum and desired requirements 3rd- post and ad places most likely to be viewed by qualified canidates 4th- accept and reveiw applications