ETR finial

in reality, advertising

in an invest in the future, without steady adversing

The c corporation like all other legal structures avoids " double taxation " because it is also considered a "pass through"

false

logos created and trademarked after January 1,1978 are protected for life of the business owner plus 70 years

false

A business PLAN is?

forces an entrepreneur to think a business idea through, considering both considering both it's positives and negatives

According to this entrepreneurial School of thought developing the right idea at the right people for the right market niche in the key

A venture opportunity

based on the number of business ventures incorporated annually how many new business are started a year in the united states?

B) 600,000

For kind of entrepreneur, making money is important but "enough" more important than the nature traditional capitalist pursuit of wealth

B) Lifestyle

An entrepreneur uses this budget to for items they intend to use long term, generally more than 1 year

Capital budget

This type of business angel is age 65 or older , independently wealthily have abbreviated work schedules, and simply like to be involved in deals:

Enthusiast Angel

Break- even analysis is a technique commonly used assess the

Expected product portability

This characteristic of entrepreneurship is consistent with high - achievement motivational drive , the desire to take personal responsibility and self confidnce

Internal locus of control

A form of partnership that includes at least one general partner who is liable for all its liabilities and at least one partner who is liable for capital invested in the partnership is?

Limited partnership

Ann owns Pirate Enterprise, a limited liability company . Ann liability for the obligations of business are:

Limited to total amount of capital Ann has invested in the business

A good trait for an entrepreneur to have is

Low need to status and power

This type of music royalties are paid by whoever obtains a license to reproduce and distribute a price of music, such as in album form or as ringtones , digital download or interactive stream

Mechanical royalties

As entrepreneur who retains an original business and builds a collection of additional business trough inheriting, establishing or purchasing them is called?

Portfolio entrepreneur

Entrepreneurs have been considered academic and social misfits because

Several highly successful entrepreneur did not finish college

delayed payment schedule. Lebron is using what type of financing?

TRADE CREDIT

A market is

a group of consumers who have purchasing power and unsatisfied needs

which of the following is not true about protection of intellectual property under a patent

a patten last 70n years

Anyone violates an authors exclusive rights under a copyright is liable infrigment. However because of this doctrine , it is sometimes difficult to establish infringement

fair use

the legal phrase use describe the standard for trademark infringement is

likelihood of confusion

Drs. Kay and Lyle are partners in a medical clinic, which is organized as a general partnership . A court holds Lyle liable in malpractice suit kay is liable

to the full extent of the liability

A limited liability company chartered in Virgina is considered a foreign when doing business in North Carolina

ture

an entrepreneur is considered to have a high tolerance for ambiguity when the entrepreneur cannot deal with various setbacks and changes that constantly confront them

ture