quiz 3 - The U.S. Small Business Administration defines a...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
The U.S. Small Business Administration defines a "small business" as one  that has fewer than 500 employees. True False 2) Gallery Furniture in Houston, Texas, is the one of the most  productive retail spaces in the world. True False Rationale: When Jim and Linda McIngvale opened Gallery Furniture in 1980, they worked twenty-hour days to pay the bills and grow the business. Today, they have more than $180 million of sales annually. Review this topic 3) The amount of personal property that a person can lose by  starting a business is called a capital requirement. True False Rationale: The amount of personal property that a person can lose by starting a business is called risk . Review this topic
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4) Partnerships comprise 72 percent of the businesses in the  United States. True False Rationale: Seventy-two percent (more than 17 million) of the businesses in the United States are sole proprietorships . Review this topic 5) A sole proprietorship is the hardest way to start a business. True
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/24/2009 for the course IEE iee 220 taught by Professor Robertfleischner during the Spring '08 term at ASU.

Page1 / 6

quiz 3 - The U.S. Small Business Administration defines a...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online