Questions from General Entrepreneurship


Q: What are the differences among a public corporation, a closely held

What are the differences among a public corporation, a closely held corporation, and a private corporation?

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Q: What factors favor older entrepreneurs as opposed to young entrepreneurs?

What factors favor older entrepreneurs as opposed to young entrepreneurs?

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Q: What are stock options and why would a corporation offer stock options

What are stock options and why would a corporation offer stock options to its employees?

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Q: What are the advantages and disadvantages of a limited liability company?

What are the advantages and disadvantages of a limited liability company?

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Q: Is a limited liability company an appropriate form of ownership for an

Is a limited liability company an appropriate form of ownership for an aggressive entrepreneurial firm? Why or why not?

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Q: What is a founders’ agreement and why is it important for a

What is a founders’ agreement and why is it important for a team of entrepreneurs to have one in place when launching a venture?

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Q: What rules of thumb should an entrepreneurial venture follow to successfully sell

What rules of thumb should an entrepreneurial venture follow to successfully sell its products overseas?

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Q: What are the major categories of assets and liabilities on a balance

What are the major categories of assets and liabilities on a balance sheet? Briefly explain each category.

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Q: How does a firm compute its current ratio? Is this a

How does a firm compute its current ratio? Is this a relatively important or unimportant financial ratio? Explain your answer.

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Q: What is the purpose of a statement of cash flows?

What is the purpose of a statement of cash flows?

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