CH 4 - CH 4 In the case of debt financing the business...

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CH 4 In the case of debt financing, the business owner(s) typically Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): retain complete control over any company profits What experience inspired/prompted Kemmons Wilson to start the Holiday Inns hotel chain? Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): he and his family took a road trip from Memphis, TN to Washington DC and found accommodations were of varying quality and generally charged for each of his five children Which of the following is the most complicated and difficult to start? Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): corporation According to author Scott Shane in his 2008 book, The Illusions of Entrepreneurship , why do most people start their own business? Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): because they’d strongly prefer not to have a boss. Which of the following allows for the potential that its owner(s)’s may face “double taxation”? Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): corporation Bill Darden, the founder of Red Lobster, was 19-years old when he opened his first restaurant in Waycross, Georgia. What was the restaurant called? Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): The Green Frog
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Which of the following is the easiest to start and terminate? Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): sole proprietorship According to the Module 4 readings, the most significant function of many business plans is to Type:Multiple Choice Points awarded:1.00 / 1.00 Your Answer(s): influence those with money to share some with the entrepreneur Someone who risks resources such as time and money to start and operate a business is known as a(n)
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CH 4 - CH 4 In the case of debt financing the business...

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