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- 3. If someone starts a small business and never needs to hire employees, can they becalled an entrepreneur?DisscussAdel is planning to start new business by investing an amount of R.O 11000 afetr graduation. he doesnot want to join his brother comapny. Identify the type of business. a. Partnership b. Limited Liability Company c. None of these d. Sole Proprietorship-What are the importance or significance of Entrpeneurship?(Give 8)
- 1.a)Traditional women business owners areSelect one:O a. neither committed to entrepreneurial ideas nor to traditional gender roles.O b. highly committed to entrepreneurial ideas, but not to traditional gender rolesO c. highly committed to entrepreneurial ideas and the acceptance of entrepreneurial gender roles.O d. not committed to entrepreneurial ideas, but have high attachment to traditional gender roles. 1.b)Bills payable and promissory notes are negotiable instruments and are used mostly to replace_____Select one:O a. financial meansO b. term loansO c. long-term creditO d. trade creditO e. overdraft facilitiesWhat are the external factors that can influence Dove's business?Expand F CPA
- 1._______ A carefully constructed guide for the personstarting a business.2._______ A group of retired and active business peoplewho volunteer their services to small businessesthrough the SBA.3._______ A government agency that assists, counsels, andprotects the interests of small businesses in theUnited States.4._______ Money that is invested in small (and sometimes struggling) firms that have the potential tobecome very successful.5._______ Group of senior and graduate students in business administration who provide managementcounseling to small businesses.6._______ A business that is independently owned andoperated for profit and is not dominant in its field.7._______ A person or organization purchasing a franchise.8._______ A license to operate an individually ownedbusiness as though it were a part of a chain ofoutlets or stores.9._______ The actual granting of a franchise.10. _______ An individual or organization granting a franchise.a. venture capitalb. franchiseec. joint…Steve Osbourne is considering opening a business, but the major decision faced is how to organize the business. Steveanticipates generating a massive profit during the first year and that the following years should be relatively profitable.Although he has enough to start the business now as a partnership, he believes cash flow may be an issue as thecompany grows. Steve believes that the corporate form of operation will be his best option and have hired you as aconsultant and seek your advice. a) Explain the corporate characteristic termed “no mutual agency”b) Explain the corporate characteristic termed limited liability.1. A business's _____ defines the present business scope and broadly describes an organization's present capabilities, focus, and activities. a. Budget b. Policy c. operational plan d. mission statement 2. Financial planning involves: a. estimating income and expenses. b. choosing a product to sell. c. selecting the type of business to enter. d. deciding the kind of franchise to buy. 3. Matt plans to open a convenience store. The startup cost is approximately $10,000. Since Matt has only $2,500 with him, he decides to invite two of his friends—Brett and Brian—to join him in this venture. In this scenario, who should be in charge of writing the business plan? a. Only Brett and Brian, since they are contributing 75 percent of the initial investment b. Matt, Brett, and Brian, since it is always a team effort c. Whoever has paid the biggest share of the startup cost d. Matt alone, since it was primarily his business plan 4.…
- please original work Business plan- Doggy daycare In this section describe financial estimates and rationale which include financial statements and forms that document the viability of your proposed business and its soundness as an investment. Tables and figures must be introduced in the narrative. Describe the form of business (sole-proprietor, LLC, or Corporation). Prepare three-year projections for income, expenses, and sources of funds. Base predictions on industry and historical trends. Make realistic assumptions.a. Explain the current situation of Bonia Company. b. Explain the current financial performance of Bonia Company.if you onw a pendrive company. how do you plan to extend the business in the future.