Ent 2113 EXAM TEST QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES|ALREADY
GRADED A+
Prequisites - Answer -"perks" Owners use this to minimize tax owed by the organization
asset valuation - Answer -involves accounting for all of the hard assets of the
organization
capitalization of earnings valuation - Answer -net profits divided by capitalization rate
market estimation valuation - Answer -taking the earnings (or projected earnings) of the
business and multiplying that figure by the market premium of companies in their
industry
Turnaround - Answer -effort to save an entrepreneurship business that is in delcine
trademark - Answer -legal protection of an intellectual property that is associated with a
specific business
patent - Answer -covers a specific innovation
Subchapter S corporation - Answer -a new business formed as a simple protected
corporate form
Subchapter C corporation - Answer -A corporation taxed separately from his owners
Sole Proprietorship - Answer -The simplest form of business, in which the owner is the
business.
partnership - Answer -a more complex form of business, includes general and limited
limited partnership - Answer -can work for the firm but may not be involved in the
management of the organization
general partnership - Answer -general partner is considered the manager of the firm and
has unlimited liability for any debts or judgements against the firm
draws - Answer -distribution of funds from the business
copyright - Answer -can be claimed on creative materials generated weather published
or unpublished
DETAILED ANSWERS WITH RATIONALES|ALREADY
GRADED A+
Prequisites - Answer -"perks" Owners use this to minimize tax owed by the organization
asset valuation - Answer -involves accounting for all of the hard assets of the
organization
capitalization of earnings valuation - Answer -net profits divided by capitalization rate
market estimation valuation - Answer -taking the earnings (or projected earnings) of the
business and multiplying that figure by the market premium of companies in their
industry
Turnaround - Answer -effort to save an entrepreneurship business that is in delcine
trademark - Answer -legal protection of an intellectual property that is associated with a
specific business
patent - Answer -covers a specific innovation
Subchapter S corporation - Answer -a new business formed as a simple protected
corporate form
Subchapter C corporation - Answer -A corporation taxed separately from his owners
Sole Proprietorship - Answer -The simplest form of business, in which the owner is the
business.
partnership - Answer -a more complex form of business, includes general and limited
limited partnership - Answer -can work for the firm but may not be involved in the
management of the organization
general partnership - Answer -general partner is considered the manager of the firm and
has unlimited liability for any debts or judgements against the firm
draws - Answer -distribution of funds from the business
copyright - Answer -can be claimed on creative materials generated weather published
or unpublished
