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15 Cards in this Set
- Front
- Back
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What is a disadvantage of using a
partnership as a source of funding |
Risks and responsibilities are shared
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A local agency which is a good resource for
agricultural businesses is the: |
Chamber of Commerce.
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One advantage of entering into a
partnership with people or with other companies having compatible goods is that a partnership: |
Reduces the amount of interest on loans.
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Expenses that are NOT affected by sales
volume are called |
Variable sales.
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When seeking a loan, an entrepreneur who
has capacity: |
Considers environmental conditions
before applying for the loan |
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The Cooper Company decided to sell stock
to raise capital. Under which form of business organization does the company operate |
Franchise
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Under which form of business ownership
do owners have limited liability |
General partnership
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Which federal agency provides social and
economic statistics to small businesses? |
Small Business Development Center
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A federal agency that provides grants to
cities for loans to private developers to help improve impoverished areas is |
SBA.
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Advertising and promotion expenses for an
ongoing business are |
Sales revenue
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Ability and willingness to invest personally
in a business venture satisfies the credit requirement for: |
Capital.
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A line of credit is
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A prearranged loan at an established rate
available whenever the business owner needs it. |
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Vaccinations against communicable
diseases illustrates the government’s role as |
Provider of public goods.
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To protect consumers, the government
must place some restrictions on private companies. This illustrates the government’s role as a: |
Regulator.
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Which is a major disadvantage to buying a
franchise? |
The performance of other franchises
impact on the franchisee. |
