Types of Entrepreneurship: Small Business
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Types of Entrepreneurship: Small Business

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@UltraCrispLaplace

Questions and Answers

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

Ownership equity

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

Sole Proprietorship

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

The legal nature of a corporation

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

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