EEE 2023 Exam 2 chapters 6-10 Questions with
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Terms in this set (85)
Market analysis definition of overall market
How do i get my first then second and so on to build
Bottoms up approach
it up
Sets realistic expectations
Top down
Doesnt say how you get there
Most investors look for exit strategy
an______
Diwight Eisenhower "Plans are worthless planning is everything"
teach business ethics to help employees deal with
Training programs
ethical dilemmas and improve ethical conduct
situation involves doing something beneficial for one's
Ethical dilemma self or business but maybe an unethical conflict of
values
written dc that deals with how a company is agreed to
Founders Agreement be formed structured and how decisions are made
ownership status and responsibility of owners
Details of how the company is run included
Operating agreement everything from founders' agreement how to buy out
a founder and more
, Nature of prospective business
Identity and proposed titles of the founders
apportion of stock or division of ownership
consideration paid of stock or ownership share of
each of the founders
Partial list to include in a
founder's agreement identification of any intellectual property signed over
to the business
description of how founders will be compensated and
how profits in the business will be divided
provisions for resolving disputes
buyback clause
Nondisclosure agreement cannot disclose company's trade secrets
(NDA)
prevents an individual from competing against a
Noncompete agreement
former employer for a specific period of time
1. sole proprietorship
2. partnership
easy paperwork and little
3. limited partnership
protection to lots of
4. LLC limited liability company
protection and paperwork
5. S corporation
6. C corporation
- simplest form of business entity
- A form of business organization involving one
person and the person and business are one in the
Sole Proprietorship same
- A sole proprietorship is not a separate legal entity
the sold proprietor is responsible for all the liabilities
of the business and this is a significant drawback
Correct Answers 100% Solved
Save
Terms in this set (85)
Market analysis definition of overall market
How do i get my first then second and so on to build
Bottoms up approach
it up
Sets realistic expectations
Top down
Doesnt say how you get there
Most investors look for exit strategy
an______
Diwight Eisenhower "Plans are worthless planning is everything"
teach business ethics to help employees deal with
Training programs
ethical dilemmas and improve ethical conduct
situation involves doing something beneficial for one's
Ethical dilemma self or business but maybe an unethical conflict of
values
written dc that deals with how a company is agreed to
Founders Agreement be formed structured and how decisions are made
ownership status and responsibility of owners
Details of how the company is run included
Operating agreement everything from founders' agreement how to buy out
a founder and more
, Nature of prospective business
Identity and proposed titles of the founders
apportion of stock or division of ownership
consideration paid of stock or ownership share of
each of the founders
Partial list to include in a
founder's agreement identification of any intellectual property signed over
to the business
description of how founders will be compensated and
how profits in the business will be divided
provisions for resolving disputes
buyback clause
Nondisclosure agreement cannot disclose company's trade secrets
(NDA)
prevents an individual from competing against a
Noncompete agreement
former employer for a specific period of time
1. sole proprietorship
2. partnership
easy paperwork and little
3. limited partnership
protection to lots of
4. LLC limited liability company
protection and paperwork
5. S corporation
6. C corporation
- simplest form of business entity
- A form of business organization involving one
person and the person and business are one in the
Sole Proprietorship same
- A sole proprietorship is not a separate legal entity
the sold proprietor is responsible for all the liabilities
of the business and this is a significant drawback
