Assignment ContentChapter 18: The Entrepreneur’s Options <\/p>\n
Your assignments are designed to accomplish two goals:\u00a0ensure that you are keeping up with your reading, and reinforce the concepts you learned in reading the chapters. In this online course, You MUST read the chapters completely.\u00a0You cannot just hunt and peck for the answers to the questions in the weekly assignments:\u00a0if you do that you will never understand the legal concepts that you will be tested on in the midterm and final exams.\u00a0
I will use these homework assignments to provide additional information about the key concepts we will be learning about in the text.\u00a0Therefore, along with reading the chapter and answering the questions, it is important that you also read the information I am providing to you in these homework assignments, as I want to ensure that you understand the background and key concepts surrounding each question.\u00a0You will be responsible for all the information I have provided, along with the information you provide in your answers. <\/p>\n
Page Numbers: As some students are working with the 12th edition and others are using the 13th edition of the textbook for this course, I am including the page numbers and information for both. The 13th edition page numbers will be underlined and the 12th edition will not be underlined. <\/p>\n
Advice: Double check your spelling and grammar for the fill-in-the-blank questions. The computer will automatically count off for mispellings, improper grammar, or any words other than the one(s) the textbook provided. <\/p>\n
Helpful Hint: As you are completing the assignment, follow along in the textbook. Fill-in-the-blank questions are typically straight out of the textbook. <\/p>\n
Read p 507; p 524: <\/p>\n
Question 13 PointsAn entrepreneur is:\u00a0 <\/p>\n
Well, if you want to start a business, one of the first questions you need to ask is what form of business organization is right for you.\u00a0\u00a0 <\/p>\n
Question 23 PointsTo decide this you need to consider these factors:
\u00a0\u00a0\u00a0\u00a01)
\u00a0\u00a0\u00a0\u00a02)
\u00a0\u00a0\u00a0\u00a03)
\u00a0\u00a0\u00a0\u00a04) <\/p>\n
Ok, so now let\u2019s look at the various forms of business.
\u00a0
Sole Proprietorships (read pp 508 – 510; pp 525 \u2013 528)
A Sole Proprietorship is the simplest form of business organization. The owner IS the business. The owner reports his business income on his personal income tax return, and is personally liable for all debts of the business. This means that if the business has debts beyond the business assets, the owner\u2019s personal assets (his home, car, savings, etc.,) are liable to pay the debts.\u00a0 <\/p>\n
Question 33 PointsThis is the most common form of business organization.\u00a0More than [A] of all businesses are sole proprietorships. These are typically small enterprises.\u00a0About [B] % of sole proprietorships in the U.S. have revenues of less than $ [C] per year.
PromptsSubmitted AnswersQuestion 6A
Choose a match
Question 6B
Choose a match
Question 6C
Choose a match <\/p>\n
Question 43 PointsAdvantages of a sole proprietorship.\u00a0Discuss four advantages of a sole proprietorship discussed in your text: <\/p>\n
Question 53 PointsDisadvantages of the Sole Proprietorship.\u00a0Discuss three disadvantages of a sole proprietorship discussed in your text: <\/p>\n
Being personally liable for the debts of the sole proprietorship is a serios disadvantage. Just ask Michael Sark, Sr.\u00a0He operated a logging business as a sole proprietorship. To acquire equipment for the business, Sark (and his wife Paula) borrowed money from Quality Car<\/p>\n","protected":false},"excerpt":{"rendered":"
Assignment ContentChapter 18: The Entrepreneur’s Options Your assignments are designed to accomplish two goals:\u00a0ensure that you are keeping up with your reading, and reinforce the concepts you learned in reading the chapters. In this online course, You MUST read the chapters completely.\u00a0You cannot just hunt and peck for the answers to the questions in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15],"class_list":["post-13834","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-business"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/13834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=13834"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/13834\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=13834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=13834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=13834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}