Which of the following is NOT a characteristic of a partnership?

The money you spend to run your business, or the cost of doing business.

Which of the following is NOT a characteristic of a Sole Proprietorship?

The money you make from selling your product or service.

A negative transaction that removes money from your account!

A business that is owned by shareholders and has rights and responsibilities as if it were a person.

If you have more money coming into your business than you are spending, what do you have?

A person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business.

A business plan is only important if you are a kid starting your first business!

Corporations mostly have a limited life span.

Which qualities best describe an Entrepreneur?

Your business is making a profit when your revenue is more than your expenses!

It takes a bunch of small steps to start up a business

Sole Proprietorships are the most popular type of business!

A business that is owned and manged by one individual who receives all the profits, but is responsible for all losses.

A document that describes an idea for a product or service and how it will make money!

A positive transaction that adds money to your account!

A business that is owned and managed by two or more individuals who receive all profits, but share responsibility for all losses.

Which of the following would you find in a Business Plan?

The amount of money your business is making and spending is called what?

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