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


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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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