Study8CTorres
Lesson 1 (3.0 points)
1. What is the Exit stage of a business? (0.5 points)
The Exit stage of a business is when a business owner gets out of their day-to-day commitment to running the company.
2. What does the human resources department of a company do? (0.5 points)
The human resources (HR) department handles things like employee hiring, firing, insurance and retirement benefits, payroll, and employee complaints.
3. What is information utility? (0.5 points)
Information utility is the value added to a product by providing the consumer with useful information.
4. List the six stages of a business. (1.5 points)
Identify, plan, start, operate, improve, exit
Lesson 2 (3.0 points)
1. What is pass-through taxation? (0.5 points)
Some businesses are taxed as pass-through entities. Taxes on the company's income are paid on the personal tax forms of the company's owners.
2. What is an advantage of a sole proprietorship? (0.5 points)
Easy to set up, tax benefits, profits belong to owner
3. What is an S corporation? (0.5 points)
An S corporation, also called a subchapter S corporation, is a corporation with special tax status. There are restrictions on the types of companies that can get this status.
4. What is franchising? (0.5 points)
Franchising is a way of turning a company into a parent company with smaller retail outlets owned by independent operators
5. What can happen to a business owner who has personal liability for their company? (0.5 points)
A business owner who has personal liability for a company can be held personally accountable for the financial debts and illegal actions of the company.
6. What is an entity? (0.5 points)
A person, partnership, organization, or business that has a legal and separately identifiable existence.
Lesson 3 (3.0 points)
1. Why does doing research help a company succeed? (0.5 points)
Understanding the market and competition helps the company identify opportunities and predict challenges.
2. What is a target market? (0.5 points)
A
1. What is the Exit stage of a business? (0.5 points)
The Exit stage of a business is when a business owner gets out of their day-to-day commitment to running the company.
2. What does the human resources department of a company do? (0.5 points)
The human resources (HR) department handles things like employee hiring, firing, insurance and retirement benefits, payroll, and employee complaints.
3. What is information utility? (0.5 points)
Information utility is the value added to a product by providing the consumer with useful information.
4. List the six stages of a business. (1.5 points)
Identify, plan, start, operate, improve, exit
Lesson 2 (3.0 points)
1. What is pass-through taxation? (0.5 points)
Some businesses are taxed as pass-through entities. Taxes on the company's income are paid on the personal tax forms of the company's owners.
2. What is an advantage of a sole proprietorship? (0.5 points)
Easy to set up, tax benefits, profits belong to owner
3. What is an S corporation? (0.5 points)
An S corporation, also called a subchapter S corporation, is a corporation with special tax status. There are restrictions on the types of companies that can get this status.
4. What is franchising? (0.5 points)
Franchising is a way of turning a company into a parent company with smaller retail outlets owned by independent operators
5. What can happen to a business owner who has personal liability for their company? (0.5 points)
A business owner who has personal liability for a company can be held personally accountable for the financial debts and illegal actions of the company.
6. What is an entity? (0.5 points)
A person, partnership, organization, or business that has a legal and separately identifiable existence.
Lesson 3 (3.0 points)
1. Why does doing research help a company succeed? (0.5 points)
Understanding the market and competition helps the company identify opportunities and predict challenges.
2. What is a target market? (0.5 points)
A