Question

All of the following apply to a business plan EXCEPT:
A. It can be used to attract investors.
B. It is prepared by the business owner or management.
C. It is a guide for owners.
D. It includes payroll records.

Answer 1

Which of the following assumptions is accurate and should be considered by anyone who wants to start a business?
A. Business owners don't have to work as hard as employees, especially in the start-up phase.
B. Business owners need to start by developing a detailed business plan.
C. Business owners do not need to possess skills related to the business, because they can hire for those skills.
D. Knowledge of record keeping, finance, and market analysis are not needed by small business owners.

Answer 2

State or federal codes that specifically apply to businesses are called:
A. franchise law
B. patent law
C. business law
D. tax law

Answer 3

A corporation is a type of partnership that
A. does not require licenses or permits.
B. only includes chain stores.
C. does not require risk capital.
D. has certain legal rights.

Answer 4

Which of the following statements is true regarding small businesses?
A. Few people consider owning their own businesses.
B. Owning a business is pretty easy.
C. Little advanced planning is required to start a business.
D. There is a federal agency called the Small Business Administration.

Answer 5

help

Answer 6

First one D.
Hmm, it's better if you make different thread for each question.

Answer 7

2B
3 probably C
4C
5D