Podcast
Questions and Answers
To create a strong ethical culture in an entrepreneurial venture, one should ______ by example.
To create a strong ethical culture in an entrepreneurial venture, one should ______ by example.
lead
Having a ______ of conduct and an ethics training program is important for establishing a strong ethical culture in a firm.
Having a ______ of conduct and an ethics training program is important for establishing a strong ethical culture in a firm.
code
A ______ agreement is essential for entrepreneurs to avoid future conflicts.
A ______ agreement is essential for entrepreneurs to avoid future conflicts.
founders'
Entrepreneurial firms can avoid ______ by taking certain precautions.
Entrepreneurial firms can avoid ______ by taking certain precautions.
Signup and view all the answers
Businesses must obtain necessary ______ and permits before starting operations.
Businesses must obtain necessary ______ and permits before starting operations.
Signup and view all the answers
Most fast-growth entrepreneurial ventures organize as ______ or limited liability companies.
Most fast-growth entrepreneurial ventures organize as ______ or limited liability companies.
Signup and view all the answers
A business may need to obtain a license to put up a ______.
A business may need to obtain a license to put up a ______.
Signup and view all the answers
A business using a fictitious name needs a ______ business name permit.
A business using a fictitious name needs a ______ business name permit.
Signup and view all the answers
The most common legal entities are… ______ Proprietorship, Partnership, Corporation, and Limited Liability Company.
The most common legal entities are… ______ Proprietorship, Partnership, Corporation, and Limited Liability Company.
Signup and view all the answers
A ______ proprietorship is a form of business organization involving one person.
A ______ proprietorship is a form of business organization involving one person.
Signup and view all the answers
The owner of a sole proprietorship maintains complete control of the business and retains all of the ______.
The owner of a sole proprietorship maintains complete control of the business and retains all of the ______.
Signup and view all the answers
Business losses can be deducted against the sole proprietor’s other sources of ______.
Business losses can be deducted against the sole proprietor’s other sources of ______.
Signup and view all the answers
It is important for an entrepreneur to select an ______ as early as possible when developing a business venture.
It is important for an entrepreneur to select an ______ as early as possible when developing a business venture.
Signup and view all the answers
For issues dealing with ______ (patents, trademarks, copyrights, and trade secrets), it is essential to use an attorney who specializes in this field.
For issues dealing with ______ (patents, trademarks, copyrights, and trade secrets), it is essential to use an attorney who specializes in this field.
Signup and view all the answers
Contact the local ______ association and ask for a list of attorneys who specialize in start-ups in your area.
Contact the local ______ association and ask for a list of attorneys who specialize in start-ups in your area.
Signup and view all the answers
Select an attorney who is familiar with the ______ process.
Select an attorney who is familiar with the ______ process.
Signup and view all the answers
Make sure your attorney has a track record of completing his or her work ______.
Make sure your attorney has a track record of completing his or her work ______.
Signup and view all the answers
Learn as much about the process of starting a ______ yourself as possible.
Learn as much about the process of starting a ______ yourself as possible.
Signup and view all the answers
