QUES TION 5

1. Developing new and delivering high-quality products or services that command higher

prices and margins best describes strong

a. marketing practices

b. financial practices

c. operating practices

d.

management practices

QUES TION 6

1. Effective entrepreneurial management teams should include all of the following

except?

a. provide expertise in the areas of marketing, finance, and operations

b.

have successful experience in the ventures industry and markets

c.

work collaboratively with each other

d. share the entrepreneurial spirit

e.

in-house accounting, auditing, and tax professionals

QUES TION 7

1. The rules and procedures established to govern the corporation are called the

a. corporate charter

b. articles of incorporation

c. corporate bylaws

d. confidentiality disclosure agreements

e. partnership agreements

QUES TION 8

1. In a general partnership, legal action that treats all partners equally as a group is

called

a. joint and several liability

b. joint liability

c. limited liability

d. accrued liability

e. general liability

QUES TION 9

1. Which of the following are not sources of seed and start-up financing?a.

family and friends

b. the entrepreneurs physical and financial assets

c. business angels

d. venture capitalists

e. stock and bond markets

QUES TION 10

1. The balance sheet equation states that total assets =

a.

total liabilities + depreciation

b.

total liabilities + owners equity

c.

owners equity + net income

d.

owners equity + current liabilities

e.

total liabilities + net income

i need your help in multiple choice questions