Career Management - Chapter 4 Question Preview (ID: 5744)


Career Management - Chapter 4. TEACHERS: click here for quick copy question ID numbers.

what is an advantage of entrepreneurship
a) long work hours
b) high risk
c) potentially high income
d) competition

what type of business ownership is an arrangement between two or more people
a) sole proprietorship
b) partnership
c) corporation
d) franchise

which of the following is NOT a trait of an entrepreneur
a) motivated
b) decision maker
c) lazy
d) risk taker

what type of business ownership is completely owned by one person
a) partnership
b) corporation
c) franchise
d) sole proprietorship

what is the most expensive form of business ownership
a) sole proprietorship
b) corporation
c) partnership
d) franchise

which for of business ownership is taxed the most
a) corporation
b) partnership
c) franchise
d) sole proprietorship

what is a disadvantage of buying a franchise
a) proven management system
b) national marketing
c) paying a percentage of your profits to the franchisor
d) established products

which type of business ownership is chartered by a state that legally operates apart from the owner
a) sole proprietorship
b) partnership
c) franchise
d) corporation

which entrepreneur started Wal-Mart
a) Bill Gates
b) Ray Kroc
c) Dave Thomas
d) Sam Walton

which entrepreneur started McDonalds
a) Bill Gates
b) Ray Kroc
c) Dave Thomas
d) Sam Walton

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