Questions from General Entrepreneurship


Q: You are an investor in small businesses, and you have three

You are an investor in small businesses, and you have three business plans on your desk. Which of the following potential business owners do you think would be the best bet for an investment (if you c...

See Answer

Q: Why would you prefer to buy a franchise rather than start a

Why would you prefer to buy a franchise rather than start a new business or buy an existing business?

See Answer

Q: Why is franchising important in today’s economy?

Why is franchising important in today’s economy?

See Answer

Q: Define the term “leverage” as it applies to accounting.

Define the term “leverage” as it applies to accounting.

See Answer

Q: Cash flow is described as the lifeblood of a business. How

Cash flow is described as the lifeblood of a business. How would you explain this description to someone who does not understand business finance?

See Answer

Q: Cash flow is more important than profit for a small business.

Cash flow is more important than profit for a small business. Why? If your income statement shows a profit at the end of the month, how can anything be more important?

See Answer

Q: If you were setting up open-book management in your business

If you were setting up open-book management in your business, what would you teach employees to make it work?

See Answer

Q: Explain the difference between macro-aging and micro-aging accounts

Explain the difference between macro-aging and micro-aging accounts receivable schedules.

See Answer

Q: Dogswell's marketing plans were ambitious, but were not working. What

Dogswell's marketing plans were ambitious, but were not working. What is their primary problem? 2. Would money from the new investors solve the problem? What other options do they have? 3. What do you...

See Answer

Q: Can Fried really say "no" to the big-box

Can Fried really say "no" to the big-box retailers? Why or why not? 2. What do you think Lance should do?

See Answer