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Liberty University BUSI 101 Connect Assignment 3 Quiz Power answer

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Advantages of ________ include reduced start-up fees and no territory restrictions. A few years ago, in order to gain market share, Blackboard™, a well-known management system software company used by many colleges and ...

Advantages of ________ include reduced start-up fees and no territory restrictions. A few years ago, in order to gain market share, Blackboard™, a well-known management system software company used by many colleges and universities, joined forces with WEB CT™, another management system software company. Both companies were in the same industry and originally competed against one another. In business, we would call the joining of these two firms a(n) In his search for a franchised business that would satisfy his passion for the outdoors and earn him a decent living, Andrew noted that the shared profit criterion required of franchisors had significant variance. Some required franchisees to pay 7% of their monthly revenues to the franchisor. Others required 4% of the profits. In business we refer to this obligation as a In a ________, members democratically control the business by electing a board of directors that hires professional management to run the business. Unlimited liability means A+ Guarantee: What are the primary sources of funding for entrepreneurs? Why do incubator facilities continue to remain very popular with start-up businesses? Which of the following is a FALSE statement about small business? A small business advantage is What is SCORE? Which form of business ownership is the most common in the United States? When Gene started his window-washing business, he wanted to keep things simple. He liked the idea of being his own boss and the possibility of leaving the business one day to his son. He chose the type of business that was easy to start, allowed him to keep company profits, and not have any special taxes. Gene’s financial resources were limited, but so were his concerns; after all, “he was the business.” Gene’s business is most likely a(n) Partnerships refer to more than one owner. A limited partnership When Beck joined his uncle’s oil exploration company in east Texas, he was given several hundred shares of stock in the firm, and was officially made a partner. The firm’s accountant

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