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Utah business management state test review 2025 Questions and Answers 100% Pass

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Utah business management state test review 2025 Questions and Answers 100% Pass Four parts of management proccess - Planning, Organizing, Leading, Controlling Define SWOT - Strength, weakness, opportunities, threats What are the two types of goals - Strategic and Operational Strategic goals - Long term goals for the company Operational goals - Short term goals for the company Types of ownership forms - Proprietorship, partnership, corporation, scorp, ccorp, and llc Proprietorship - Individually owned, major tax benefits, lots of risk Partnership - Owned by two or more people, tax benefits, risky Corporation - Enterprise owned by shareholders, limited personal exposure, government regulations LLC, SCORP CCORP - To c

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  • utah business management state test review 2025 qu

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Utah business management state test
review 2025 Questions and Answers
100% Pass


Four parts of management proccess - ✔✔Planning, Organizing, Leading, Controlling

Define SWOT - ✔✔Strength, weakness, opportunities, threats

What are the two types of goals - ✔✔Strategic and Operational

Strategic goals - ✔✔Long term goals for the company

Operational goals - ✔✔Short term goals for the company

Types of ownership forms - ✔✔Proprietorship, partnership, corporation, scorp,
ccorp, and llc

Proprietorship - ✔✔Individually owned, major tax benefits, lots of risk

Partnership - ✔✔Owned by two or more people, tax benefits, risky

Corporation - ✔✔Enterprise owned by shareholders, limited personal exposure,
government regulations

LLC, SCORP CCORP - ✔✔To create limited risk, and more tax benefits for
corporations

Line - ✔✔Top-down management structure

Line and staff - ✔✔Is line but with added on groups of staff




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