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or unpublished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