What are the benefits of sole proprietorship

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Reference no: EM132152545

1. What are the benefits of a sole proprietorship?

A) Single owner and no responsibility

B) Sharing financial rewards with others

C) Single owner and full responsibility

D) None of the above

2. What is a distinctive factor of an S Corporation?

A) Profits and losses are distributed to stockholders and taxed as personal income

B) Dividends are cut quarterly

C) Founders must convert all of their shares as options

D) Everybody in the venture automatically gets stock

3. In a new venture business plan, investors want to see evidence of which of the following?

A) A well-defined robust market

B) A distinct product or service solution

C) A sensible business model

D) All of the above

4. What is the recommended format for an investor presentation?

A) The team, the customer, the opportunity, the solution, competitive positioning, business model, financial projections, go-to-market strategy, milestones

B) Customer, opportunity, solution, business model, financials, go-to-market strategy

C) Opportunity, business model, financials, milestones

D) None of the above

5. What are the stories that should be told in your investment presentation?

A) The story of the customer

B) The story of your team

C) The story of how you make money

D) The story of your key milestones upon financing

E. All of the above

6. Bootstrapping does not:

Show commitment to future investors

Require equity give-up

Create positive pressure on entrepreneurs to succeed

Force entrepreneurs to push products to market early on

7. Entrepreneurs typically possess ________.

A) the ability to easily access capital

B) a set of unique skills that is usually accompanied by advanced degrees in several areas

C) a high level of commitment, have a tolerance for ambiguity, are flexible and tenacious

D) specialized technical abilities

8. Creativity is ________ new things, and innovation is ________ new things.

A) thinking; doing

B) doing; thinking

C) seeing; doing

D) thinking; applying

9. Potential investors tend to believe that if an entrepreneur cannot develop a good plan, the entrepreneur ________.

A) is probably the action-oriented sort of person they need running a business

B) needs to hire a consultant to write the plan for him

C) probably lacks the discipline to run a business

D) is just like the majority of entrepreneurs and will probably do quite well.

Reference no: EM132152545

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