Questions from General Entrepreneurship


Q: What are the three activity ratios? How are they calculated?

What are the three activity ratios? How are they calculated? What do they measure?

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Q: What is deviation analysis? What does it reveal?

What is deviation analysis? What does it reveal?

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Q: Why do small business owners compare their ratios to other firms in

Why do small business owners compare their ratios to other firms in the same industry?

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Q: What are the categories in a cash flow statement? What are

What are the categories in a cash flow statement? What are revenues? Summarize the categories of revenues in a cash flow statement.

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Q: What are the differences associated with leverage ratios and profitability ratios?

What are the differences associated with leverage ratios and profitability ratios? Explain how they benefit a business owner. What do they reveal?

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Q: Summarize the three forms of intellectual property protection that a new business

Summarize the three forms of intellectual property protection that a new business owner can choose to implement in the new small business. Discuss the similarities and differences for each.

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Q: Why do certain businesses require that their workers get bonded? What

Why do certain businesses require that their workers get bonded? What are the disadvantages to a small business if the workers are not required to get bonded?

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Q: Why is cash flow so important for a new business?

Why is cash flow so important for a new business?

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Q: What are the key characteristics of a sole proprietorship? Why is

What are the key characteristics of a sole proprietorship? Why is it considered to be the simplest form of business? How does the sole proprietor report business taxes?

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Q: Discuss why lease contracts are important for a new business? Summarize

Discuss why lease contracts are important for a new business? Summarize some of the key contents of a lease and discuss why they are important.

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