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Alla [95]
2 years ago
11

1. Jim is beginning his research on franchise businesses in order to find one that meets his needsA quick, easy way get general

information is to
A. call the corporate headquarters
B. ask a local franchise owner
C.look up Internet sites
D. check the Yellow Pages


2.Your beachside inn will be ready to open next spring. To get in on the summer tourist trade, it will be necessary to
A. establish a strong Web presence.
B. give it an unforgettable name.
C. advertise heavily in local newspapers. D. offer bargain rates at first.

3. 3. Once you've chosen your business and focused on your niche, the next step is to
A. establish a Web presence .
B. research the amount of capital you'll need.
C. write your business plan
D. research the best location for your shop

4.A company owned by the shareholders and based on a charter is a
A. partnership.
B. small business.
C. corporation.
D. service organization.

To find out as much as you can about the market for your potential business, be sure to talk to
A. potential customers.
B. anyone who may compete with you locally.
C. potential employees.
D. the local bookstore owner

6. An Internet search for Information about franchise businesses will not help you find out
A. the variety of franchise businesses available.
B. support you'll receive from the parent corporation
C. the number of hours you'll have to put in
D. start- up costs.

7. One of the disadvantages of a sole proprietorship is
A. lack of control for you
B. danger to your personal assets.
C. high start-up costs .
D. large claims on profits.

8. Ultimately , to be successful , a business must
A. make you happy .
B. fulfill a commercial need .
C. make a profit
D. provide a service .

9. Ricardo sure he has what it takes to succeed in the food business, but because he lacks management experience, he wants one that will provide the most training and support. Which of these possibilities would be his best choice?
A. Subway
B. Old MacDonald's Bed and Breakfast
C. Ricardo's Café
D. Fuzzy's Tavem

10. The overwhelming majority of existing businesses are
A. sole proprietorships .
B. partnerships
C. corporations
D. close corporations .

11. All of the following phrases describe a partnership except
A. shared responsibility for decisions .
B. the involvement of up to 20 partners.
C. low start-up costs.
D. high protection for your personal assets.


12. Amy, Jan, and Beth have decided to combine their talents in a business partnership. One of the benefits they'll have over a sole ownership is
A. shared resources
B. less paperwork
C. greater individual authority
D. less personal financial liability

13. With their flooring business now eight months old, Jesse and Ed readily admit that con in their partnership
A. accurate record keeping
B. legal liability
C. raising capital
D. shared decision making


14. Gary and Wilma Johnson plan to open a bus tour business, taking people from their sites along the East Coast. Tours will include bus fare, hotel accommodations, breakfast, and admission to the sitesWhat aspect of their research might they want to pay special attention to
A. Pasi trends
B. margin
C. Inventory
D. Computer software


15. The servers at Gerry Frasier's busy cream shop decided that putting more cream in the sundaes and cones would bring back more customers. After three months, Gerry was surprised to discover that his profit had
A. literally been "eaten up"
B. dropped , along with his costs.
C. Increased by more than 10 percent
D. increased , although sales dropped


16.Which one of the following may be the least valuable source of advice when you're researching the market for your new business?
A. Other business owners with similar businesses
B. Online attorneys who offer Web site service
C. Local attomeys who specialize in business law.
D. Small Business Administration


17. Ben and Alison have decided to turn their large farmhouse into a bed -and- breakfast business. One of the benefits they're likely to enjoy is
A. relaxing days at home
B. high ratings by national organizations. C. keeping their day jobs
D. a profit margin of 15-20 percent


18. Steve Burton recently sold the bookstore he inherited from his mother because his income had fallen three years in a row. The new owner installed a coffee machine, redecorated the children's corner, chats with her customers, and remembers their preferences. She reports a 43 percent increase in sales over Steve's last year. The change is most likely due to
A. a general upswing in the retail book business
B. more advertising
C. the owner's personality
D. beginner's luck


19. Which one of the following types of businesses has the least amount of personal liability?
A. Partnership
B. Close corporation
C. Sole proprietorship
D. Corporation


20.Liz planned on opening a handmade quilt business in her hometown. However after completing alan decided to start with an online business.
A. registration
B. market survey
C. advertising campaign
D. course in design
Business
1 answer:
zysi [14]2 years ago
5 0

ok there are way to much questions can you simplify this question just by a little bit

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Bill and Nancy, managers at Sanzen Inc., want to the check the consistency of results for a performance measure that uses rating
DochEvi [55]

Answer:

Inter-rater reliability.

Explanation:

Based on the scenario being described within the question it can be said that in this situation Bill and Nancy are interested in the measure's Inter-rater reliability. This term focuses on measuring the level extent in which two or more raters/observers/researchers agree on the on the something. Such as Bill and Nancy are doing by checking the consistency of the results to see if many raters agree with one another.

3 0
3 years ago
All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______
mihalych1998 [28]

Answer:

A) Accounting for bonds and notes under US GAAP and IFRS is similar.

Explanation:

US GAAP and IFRS do not have the same accounting guideline for bond issue cost:

Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.

5 0
2 years ago
Foghorn Company entered into a sales transaction in which it agreed to receive common stock from Leghorn Corporation as payment
Sedbober [7]

Answer:

The journal entry should be:

Dr Investment in Leghorn Corporation XX

    Cr Accounts receivable XX

Explanation:

Foghorn Company must record the noncash payment as an asset which should be equal to the amount of money that it generally would have collected from the services provided. Since the payment is done through stocks, it must record that collection as an investing account.

Since transferring stocks usually takes a couple of days at least, the original journal entry should have recorded a debit to accounts receivable and a credit to service revenue.

8 0
3 years ago
On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannuall
Minchanka [31]

Answer:

The correct option is Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.

Explanation:

This question is an instance of bonds issued at a discount. This happens when a bond is issued below the face value of the bond and also happens when the coupon rate on the bond payable is less than the market rate.

The face value of the bond payable is $2,000,000 while the market value is $1,864,097, so there is a discount of $2,000,000 - $1,864,097 = $135,903 on the bond payable, which is to be amortized over the life of the bond payable.

So, the appropriate journals to record this transaction is as provided above.

4 0
3 years ago
Assume you are a brand manager of a clothing brand that offers formal clothing for gents in mid-tier market segment. The brand i
vlada-n [284]

Answer:

Following steps are followed to carry out research for declining sales,

Define the problem

List possible solution

Evaluate each alternative solution

Finalize the solution

Implement the solution

Measure results

Explanation:

Sales is very crucial element for any business. The declining sales at gents clothing brand has created a problem for business managers. The declining sales will results in many problems like, inventory obsolete issues, lesser profits, increase cost and similar. The main reason for declining sales could be change in fashion or trend. Gents clothing is very much impacted by celebrities. If some popular celebrity has changed its way of dressing the impact can be observed in entire fashion industry.

8 0
3 years ago
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