Rudy operates Silver Buckles, a small-business equine enterprise. To raise capital, Rudy contacts Thad, a venture capitalist. Besides capital, Thad will most likely

A. assist in the drafting of a business plan.
B. decline a proportion of future profits.
C. offer assistance with respect to business strategy.
D. refrain from demanding operational control.


Answer: C

Business

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Unhealthy company cultures typically have such characteristics as

A. an emphasis on innovation, a strong preference for hiring managers from outside the company, and few core values and traditions. B. tight budget controls, overly strict enforcement of long-standing policies and procedures, and high ethical standards. C. a preference for conservative strategies, an aversion to incentive compensation, and excessive emphasis on profitability. D. a politicized internal environment, hostility to change and an aversion to looking outside the company for best practices, new managerial approaches, and innovative ideas. E. overemphasis on employee empowerment, a complacent approach to building competencies and capabilities, no coherent business philosophy, and excessively bureaucratic policies and procedures.

Business

Under the Statutory Close Corporation Supplement, a closely held corporation may use a shareholder agreement in place of bylaws

a. True b. False Indicate whether the statement is true or false

Business

Freight terms in which the buyer pays the transportation costs from the shipping point to the final destination.

What will be an ideal response?

Business

Revenue Procedures deal with the internal management practices and procedures of the IRS.

Answer the following statement true (T) or false (F)

Business