BUS 4401 Unit 8 Entrepreneurship 2 Self Quiz 8 Q&A- University of the People 2023

There are essentially four traditional forms of business ownership in North America:

Select one:

a. the sole proprietorship, the partnership, the corporation, and the cooperative.

b. the sole proprietorship, the social partnership, the corporation, and the cooperative.

c. the collective proprietorship, the partnership, the corporation, and the cooperative.

d. the sole propertyship, the partnership, the corporation, and the cooperative.

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The correct answer is: the sole proprietorship, the partnership, the corporation, and the cooperative.




According to the OECD/EUROSTAT framework for Entrepreneurship a new market could

be:

Select one:

a. at the global level

b. at the national level

c. at local and even at street level

d. all of the above

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The correct answer is: all of the above




A Joint Venture allows foreigners to enter a market that was restricted to them.

Select one:

a. TRUE

, b. FALSE

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The correct answer is: TRUE




Economic gardening can be a successful method to serve communities.

Select one:

a. TRUE

b. FALSE

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The correct answer is: TRUE



A business may be cash-flow insolvent but balance-sheet solvent.

Select one:

True

False

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The correct answer is 'True'.



The following conditions need to be looked into (assessed) when choosing a place to start

one's business EXCEPT:

Select one:

a. Trading Across Borders

b. Enforcing Contracts