Business should you inform investors of your exit strategy

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Reference no: EM132267039

1. If you invent something and don't patent it, it falls into the public domain, meaning that ________.

you can sell the right to manufacture the invention

you can sell your invention publicly without paying the U.S. Patent Office

you can save a lot of money

anyone can manufacture your invention and profit from selling it without paying you

2. In general, a web site or electronic storefront is not necessary for retail businesses.

True

False

3. ________ insurance compensates employees for loss of income and for medical expenses due to job-related injuries.

Injury

Worker's compensation

Disability

Short-term disability

4. At what stage of starting and running your business should you inform investors of your exit strategy? It should be ________.

in the business plan

the years sales peak

in your first annual report

when you are ready to exit the business

5. Great leaders are ________.

pessimists

coercive

power hungry

optimists

Reference no: EM132267039

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