Entrepreneurs have special considerations businesses

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Reference no: EM132266371

1. Make your life easier at tax time by keeping ________.

high net income

operating ratios

a good working capital figure

complete financial records

2. A business behavior might be legal but still not be ________.

invalid

ethical

profitable

wrong

3. The act of Congress that requires employers to pay men and women the same amount for the same work is called ________.

Anti-discrimination Act

The Equal Pay Act

The Work Compensation Act

The Equal Opportunity Act

4. Obtain a trademark in order to ________.

protect your business name

protect your logo

protect all your intellectual property

5. If the lead time for garage doors is 2 weeks, and you sell 100 doors per week, and you always want at least 20 doors in stock, what is the Reorder Point?

420

220

320

440

6. Business failure is defined by Dun and Bradstreet as "business termination ________."

with losses to creditors

with no notice

with loss of sales in three continuous quarters

because of owner illness

7. The lender has no say in the management or direction of the business, as long as the loan payments are made and contracts are not violated.

True

False

8. As you hire employees, you will need to become aware of laws and taxes, including ________.

anti-discrimination laws

payroll taxes

Fair Labor Standards Act and The Equal Pay Act of 1963

All of these.

19. Home-based entrepreneurs have special considerations other businesses don't have.

True

False

20. The form of protection offered under U.S. law to the authors of "original works of authorship" is a(n) ________.

patent

electronic right

trademark

Reference no: EM132266371

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