- Study guides, Class notes & Summaries

ENT 2113 EXAM NEWEST 2025 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!! If a firm violates a tradmark, it will be sued for damages byt cannot be forced to change it's name - Answer -false A copywright can ibky be clainmed on creative works if they are pubished or made available for publi consumption - Answer -false Boards of advisors are composed of key employees who advise the firm. - Answer -false A business that c...

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3 pages

Written in 2024/2025

Grade A+

BrightByte

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 f...

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4 pages

Written in 2024/2025

Grade A+

BrightByte

ENT-2113 EXAM LATEST COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES ALREADY GRADED A+ Threats to ________ are threats to the success of a new business related to its ability to establish and maintain a high-margin product or service. A. deficit gaps B. profit margins C. sales generation schemes D. operational financing - Answer -B. profit margins Large companies understand their customers more in the local area as compared to small firms. True or False - Answer -Fal...

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20 pages

Written in 2024/2025

Grade A+

BrightByte

ENT 2113 Exam COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+ A critical element that an entrepreneur must solve for success is to develop the ability to generate consistent and growing sales. a. true b. false - Answer -true Heather Schuck, owner of Glamajama, is an example of how women can concentrate on more than one facet of life. a. true b. false - Answer -true The presence of venture capital for start-ups is limited outside of ...

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16 pages

Written in 2024/2025

Grade A+

BrightByte

ENT-2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. The effective application of _____ is one means to limit liability concerns of the new venture. - ANSWER insurance 2. Which of the following incorporation formations are required to pay income tax which results in double taxation? - ANSWER Subchapter C Corporations 3. Which of the following features of the LLC are similar to the features of the Subchapter S C...

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21 pages

Written in 2024/2025

Grade A+

EWLindy

ENT 2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. Community - ANSWER builds credibility, stabilizes cash flow 2. Business incubators - ANSWER house new businesses and provide critical services (office machines, basic furniture, telephones, etc.) 3. Financial support - ANSWER full understanding of cost-benefit; making sure sufficient financial resources are available prior to funding 4. Business idea generatio...

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8 pages

Written in 2024/2025

Grade A+

EWLindy

ENT 2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. What term is used to describe the process of systematically examining the difference between what is expected and what occurs? - ANSWER gap analysis 2. While developing a quality business idea, what should potential business founders ideally do after evaluating their personal skill sets? - ANSWER carefully analyze the market and look for a gap 3. The connection b...

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21 pages

Written in 2024/2025

Grade A+

EWLindy

ENT 2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. The break-even point is defined as a. the time when a business must liquidate its holdings and declare bankruptcy b. the level where a firm starts to profit from the revenue it makes from its products c. the level where revenue coming into the firm is sufficient to cover expenses d. the time when a firm experiences steady losses during its initial stages of operation - ANS...

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59 pages

Written in 2024/2025

Grade A+

EWLindy

ENT 2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. When starting a business, one must understand the relationship between blank and the expected return - ANSWER Time commitment 2. Identify the typical triggers for starting a business - ANSWER Experiencing the inability to climb the corporate ladder due to circumstances, receiving evidence that an idea is not only doable, but there is a concrete way to improve on a g...

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33 pages

Written in 2024/2025

Grade A+

EWLindy

ENT Final – Bolen Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. What term is used to describe individuals or other organizations that impact the success of a business? a. capitalists b. stakeholders c. corporate managers d. owners - ANSWER b. stakeholders 2. In the context of the initial developments of the industrial base in the United States, which of the following statements is true about robber barons? a. ensured...

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24 pages

Written in 2024/2025

Grade A+

EWLindy

ENT-2113 Set Exam Tested Questions & Reviewed Correct Detailed Answers With Rationales New Update Study Material!! 1. Which of the following is a difference between large organizations and entrepreneurial businesses? A. Unlike entrepreneurial businesses, large organizations have a better understanding of the local community in which they conduct business. B. Unlike entrepreneurial businesses, large organizations will regularly ignore business opportunities if they fail to beli...

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36 pages

Written in 2024/2025

Grade A+

EWLindy

ENT 2113 Tested Set Exam Questions With Reviewed Correct Detailed Answers New Update!! 1. Any business needs to acquire a license to do business in the county or city where the firm will be operating. a. true b. false - ANSWER a. true 2. The Americans with Disabilities Act requires that there should be no discrimination in the hiring, management, or dismissal of employees with disabilities. a. true b. false - ANSWER a. true 3. The insurance coverage obt...

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30 pages

Written in 2024/2025

Grade A+

EWLindy

ENT 2113 BOLEN Set Exam Tested Questions & Reviewed Correct Detailed Answers New Update Study Material!! 1. Small companies can take advantage of economies of scale better than large firms. - ANSWER false 2. Close to 50 percent of the millionaires in the United States are entrepreneurs. - ANSWER true 3. A small business start-up should be designed to take advantages of the skills of the founder or founders. - ANSWER true 4. An entrepreneurial business...

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16 pages

Written in 2024/2025

Grade A+

EWLindy

ENT 2113- Ron Bolen Final Exam study Set (Spring 2024) A business can obtain liability insurance, which helps protect the business against lawsuit judgments. - ANS-True Bonding is a type of insurance in which the business is covered in case the workers cause any damage in the performance of their work. - ANS-True In a Subchapter C Corporation, it is possible to have a double taxation situation. - ANS-True The insurance coverage obtained by a small business is directly proportional to the c...

3.0

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32 pages

Written in 2024/2025

Grade A

Accurate

A business can obtain liability insurance, which helps protect the business against lawsuit judgments. - Answer-True Bonding is a type of insurance in which the business is covered in case the workers cause any damage in the performance of their work. - Answer-True In a Subchapter C Corporation, it is possible to have a double taxation situation. - Answer-True The insurance coverage obtained by a small business is directly proportional to the cost. As the coverage increases, the cost...

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22 pages

Written in 2023/2024

Grade A+

Greaterheights

A venture capital-backed business plan typically runs from _______pages long. - Answer-25 to 45 Identify the reasons individuals can become frustrated with working in a large corporation. - Answer-Lack of promotion opportunities Inflexibility of large corporations in dealing with the needs of an individual's family and children The process of a new business is unique and has developed into a popular area of study at colleges around the globe. (Check all that apply.) - Answer-initiatin...

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18 pages

Written in 2023/2024

Grade A+

Greaterheights

One of the huge advantages of starting one's own business is that someone else can be the boss. Small business owners are motivated by two areas to start a business: the desire to be their own bosses and to set their own working hours. - False A venture capital start-up is oriented toward the personal goals of the founder(s). - False A business plan should be a tool to think through a wide range of issues related to starting and growing a business. - True A small business start-up is ...

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16 pages

Written in 2023/2024

Grade A+

STANFORDGENIUS

A critical element that an entrepreneur must solve for success is to develop the ability to generate consistent and growing sales. a. true b. false - true Heather Schuck, owner of Glamajama, is an example of how women can concentrate on more than one facet of life. a. true b. false - true The presence of venture capital for start-ups is limited outside of the United States. a. true b. false - true Every business that has been documented in the Fortune 500 list began as a new venture b...

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22 pages

Written in 2023/2024

Grade A+

BESTSOLUTIONGURU

Entrepreneurial Businesses have the ability to make greater profits in markets that have been ignored by larger corporations. - True The business plan for small businesses should be at least 50 pages long. - False Venture capitalists typically do not invest more than $2 million. - False Entrepreneurial businesses fail to provide a means to meet the varied demands that individuals face in a society. - False A venture capital start-up is oriented toward the personal goals of the founders. - ...

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12 pages

Written in 2023/2024

Grade A+

BESTSOLUTIONGURU

A business can obtain liability insurance, which helps protect the business against lawsuit judgments. - True Bonding is a type of insurance in which the business is covered in case the workers cause any damage in the performance of their work. - True In a Subchapter C Corporation, it is possible to have a double taxation situation. - True The insurance coverage obtained by a small business is directly proportional to the cost. As the coverage increases, the cost also increases. - True If...

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29 pages

Written in 2023/2024

Grade A+

BESTSOLUTIONGURU