Small Business Management: Launching and Growing Entrepreneurial Ventures

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5.An entrepreneur can best build social capital bya.joining several social networking sites.b.building contacts through community organizations.c.letting others know when the company has done something well.d.using reciprocation.ANS:DPTS:1REF:p. 234OBJ:8-1 TYPE: C
NAT:Analytic | Dynamics6.Reciprocation isPTS:1REF:p. 234OBJ:8-1 TYPE: D
NAT:Analytic | Dynamics7.Millie has a sole proprietorship which is her sole source of incomeWhat legal action should she do toprevent the business from being ruined if she became incapacitated?PTS:1REF:p. 236OBJ:8-2 TYPE: A
NAT:Analytic | Ethical and Legal8.Unlimited liability for business debts is imposed on
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Chapter 10 / Exercise 4
Strategic Management: Concepts and Cases: Competitiveness and Globalization
Hitt/Ireland
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PTS:1REF:p. 235OBJ:8-2 TYPE: C
NAT:Analytic | Ethical and Legal9.Max chose to operate his production studio as a sole proprietorship even though his attorney cautionedthat he wasa.reducing its overall profit potential.b.increasing his taxable income.c.exposing himself to unlimited personal liability.d.violating an existing partnership agreement.ANS:CPTS:1REF:p. 235OBJ:8-2 TYPE: A
NAT:Analytic | Ethical and Legal10.Which legal form allows owners to contribute no capital but still play a part in managing the businessand share in its profits?PTS:1REF:p. 236OBJ:8-2 TYPE: D
NAT:Analytic | Ethical and Legal11.Which group best defines a partnership?PTS:1REF:p. 236OBJ:8-2 TYPE: A
NAT:Analytic | Ethical and Legal

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Term
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Small Business Management, Corporation, pts, REF, OBJ
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Strategic Management: Concepts and Cases: Competitiveness and Globalization
The document you are viewing contains questions related to this textbook.
Chapter 10 / Exercise 4
Strategic Management: Concepts and Cases: Competitiveness and Globalization
Hitt/Ireland
Expert Verified

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