An entrepreneur can best build social capital by a joining several social

Small Business Management: Launching and Growing Entrepreneurial Ventures

This preview shows page 7 - 9 out of 19 pages.

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: CNAT:Analytic | Dynamics6.Reciprocation isPTS:1REF:p. 234OBJ:8-1 TYPE: DNAT:Analytic | Dynamics7.Millie has a sole proprietorship which is her sole source of income What legal action should she do to prevent the business from being ruined if she became incapacitated?PTS:1REF:p. 236OBJ:8-2 TYPE: ANAT:Analytic | Ethical and Legal8.Unlimited liability for business debts is imposed on
Background image
PTS:1REF:p. 235OBJ:8-2 TYPE: CNAT:Analytic | Ethical and Legal9.Max chose to operate his production studio as a sole proprietorship even though his attorney cautioned that 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: ANAT:Analytic | Ethical and Legal10.Which legal form allows owners to contribute no capital but still play a part in managing the business and share in its profits?PTS:1REF:p. 236OBJ:8-2 TYPE: DNAT:Analytic | Ethical and Legal11.Which group best defines a partnership?PTS:1REF:p. 236OBJ:8-2 TYPE: ANAT:Analytic | Ethical and Legal
Background image
Image of page 9

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture