Mgtop 101 study guide 2

Mgtop 101 study guide 2 - Mgtop 101 Test 2 Study Guide The...

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Mgtop 101 Test 2 Study Guide The corporation is not the most common form of business ownership Small businesses are most common Once a business is established it IS possible to change from one type of ownership to another If someone is the sole proprietor of a small retail business all the profit that the business makes is taxed a the owners personal income only There is NOT a simple process for partners to terminate their business Of the “seven questions to ask yourself when starting a small business” the question “who must I collaborate with” is NOT only relevant for manufacturing but also service Low profits, insufficient funds, and or high operating costs are NOT beyond the control of owners and are not risks that small businesses must face Leverage buyouts are not only for the purpose of issuing new shares of ownership to minimize the use of debt The advantage of setting up a small business through a franchise has all the following except: the franchiser provides the necessary buildings and equipment free of charge If a university establishes a business incubator , it means they will offer new businesses low-cost office space with basic business services Holders of preferred stock do
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Mgtop 101 study guide 2 - Mgtop 101 Test 2 Study Guide The...

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