Types of Entrepreneurship: Small Business
10 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What do angel investors provide to startups or small businesses in exchange for capital?

  • Venture capital
  • Liquidating assistance
  • Ownership equity (correct)
  • Convertible debt

    • Which type of business organization is managed by a single person?

  • Partnership
  • Silent Partnership
  • General Limited
  • Sole Proprietorship (correct)

    • In a Corporation, what does the term 'artificial being' refer to?

  • Physical form of the corporation
  • The legal nature of a corporation (correct)
  • The shareholders' personal attributes
  • The corporation's intangible assets

    • What type of business organization involves an association of two or more business partners?

    <p>Capitalist Partnership</p> Signup and view all the answers

    What is the purpose of raising venture capital?

    <p>Achieve profitability goals</p> Signup and view all the answers

    What does start-up capital refer to?

    <p>Capital to keep the business running until break-even</p> Signup and view all the answers

    'Liquidating Partnership' involves settling the affairs of a business organization. True or False?

    <p>False</p> Signup and view all the answers

    'Managing Partnership' is primarily responsible for contributing money to the business. True or False?

    <p>'Managing Partnership' is about managing operations only</p> Signup and view all the answers

    'Nominal Partnership' represents itself as a partner but is not one. True or False?

    <p>'Nominal Partnership' is not considered a partner despite representing as one</p> Signup and view all the answers

    In a Cooperative, what does 'common bond of interest' mean?

    <p>A mutual interest in achieving common goals.</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser