Which of the following statements is not true?
a. Luck happens when preparation meets opportunity.
b. Entrepreneurs fare poorly in today’s hypercompetitive market.
c. Failure due to lack of proper financing often is an indicator of other problems.
d. It takes more than just money to be a successful entrepreneur.
ANSWER: b
You might also like to view...
When determining your cost structure, what question should you ask yourself?
a. How do I establish and maintain relationships with customers? b. How much are my customers willing to pay? c. What activities can be outsourced? d. What resources are the most expensive to get?
You are about to form a partnership. You want to make a partnership agreement which will protect your interests in the event that your partner decides to retire. Which of the following is TRUE?
A) Your agreement should have a buy-sell clause in it. B) Your agreement should contain a method for determining the value of the business. C) Your agreement should provide for your partner's shares to be appraised in the event of your making an offer for them. D) Both A and B E) All of the above
Which of the following is true regarding taxation of losses of a C corporation?
a. The operating loss is passed on to shareholders, but the corporation itself does not realize any benefit. b. The operating loss is recognized at the corporate level, and shareholders also receive a tax benefit. c. The operating loss will be recognized at the corporate level, shareholders receive no tax benefit, and the corporation receives no benefit until it has operating income against which its prior losses can be deducted. d. The operating loss is not recognized at the corporate level; and although shareholders may receive a deduction, they must wait until they receive some amount of profit from the corporation at which point they can deduct up to 10% of the losses per year.
Write an expression for total cost.
There is a fixed cost of $50,000 to start a production process. Once the process has begun, the variable cost per unit is $25. The revenue per unit is projected to be $45.