Question 76 1 points Save Tim Nelson and Jim Norris have decided to start a land
ID: 471112 • Letter: Q
Question
Question 76
1 points
Tim Nelson and Jim Norris have decided to start a landscaping business. One of the first things they do is sign the _________________, which describes the investments and responsibilities of the partners and makes provisions for the allocations of profits and dissolution of the business.
articles of incorporation
partnership charter
partnership agreement
corporate charter
consent decree
Question 77
1 points
A(n) __________ invests money in a partnership, but is liable only to the extent of his/her investment.
agent
general partner
limited partner
officer
sole proprietor
Question 78
1 points
Under which of the following SBA programs can a small business borrow from a commercial lender?
SBDC program
guaranteed loans program
local development company program
MESBIC company program
the advisory program
Question 79
1 points
Which of the following factors contribute to small business failure?
managerial incompetence or inexperience
neglect
weak control systems
insufficient capital
all of the above
Question 80
1 points
Which of the following are recent trends in small business startups?
Entrepreneurs who cross over from big business.
Increased opportunities for minorities.
Increased opportunities for women.
New opportunities in global enterprise.
All of the above.
Question 76
1 points
Tim Nelson and Jim Norris have decided to start a landscaping business. One of the first things they do is sign the _________________, which describes the investments and responsibilities of the partners and makes provisions for the allocations of profits and dissolution of the business.
articles of incorporation
partnership charter
partnership agreement
corporate charter
consent decree
Explanation / Answer
Tim Nelson and Jim Norris have decided to start a landscaping business. One of the first things they do is sign the ________partnership agreement_________, which describes the investments and responsibilities of the partners and makes provisions for the allocations of profits and dissolution of the business.
Description: Question 76 answers
partnership agreement
Description: Question 77 text Question 77
A(n) _____sole proprietor_____ invests money in a partnership, but is liable only to the extent of his/her investment.
Description: Question 77 answers
sole proprietor
Description: Question 78 text Question 78
Under which of the following SBA programs can a small business borrow from a commercial lender?
Description: Question 78 answers
local development company program
Description: Question 79 text Question 79
Which of the following factors contribute to small business failure?
Description: Question 79 answers
managerial incompetence or inexperience
Description: Question 80 text Question 80
Which of the following are recent trends in small business startups?
Description: Question 80 answers
All of the above.
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