Entrep Quiz 1

The acronym AMLA means

• Anti-Money Loitering Act

• Anti-Monetary Laundry Act

• Anti-Money Laundering Act

• Anti-Monetary Laundering Act

The first 5-15 shareholders who put up the corporation is called

• Stockholders

• Corporators

• Investors

• Incorporators

Company Overview presents the list of proponents, the structure of ownership and _______.

• location

• product description

• company name

• product name

The form of business organization that best suits your proposed business in Entrepreneurship is

• Sole Proprietorship

• Partnership

• Corporation

If you have three product variations, you have to present tables for Raw Materials for each product.

• True

• False

All group members must share equally in the capital contribution or percentage of ownership in the proposed business.

• True

• False

Raw materials or ingredients must be measured exactly for a more reliable computation of costs.

• True

• False

Sole proprietorship is the form of business organization for one or more individuals who would like to put up a business.

• True

• False

The first part of Product Overview is the Manufacturing Process.

• True

• False

Part 1 Executive Summary is written last.

• True

• False