Practice 03

A _____________ is not taxed.

• Non-profit organization
• C corporation
• S corporation
• B corporation

A(n) _____________ is suitable for international companies with at least 200 shareholders.

• Non-profit organization
• C corporation
• S corporation
• B corporation

For a franchise opportunity, you will be able to purchase the items you believe will maintain your business without having to ask for permission.

• True
• False

Taking on business debt is a requirement for entrepreneurship.

• True
• False

Most online marketplaces charge _______ to vendors for listing or selling products.

• commission
• salary
• fees
• equity

This market segment describes what customers think about and value and how they live their lives.

• Geographic
• Demographic
• Behavioral
• Psychographic

Copyright licensing is required for material in the public domain.

• True
• False

Trademark licensing is used for:

• brand names
• logos
• slogans
• inventions

Which three items should you include in your value proposition when creating a business plan?

• The services you offer to customers
• An overview of your business
• The differences between your business and your competitors’ businesses
• Your target audience’s demographic information

A sole proprietorship protects the owner from personal liability.

• True
• False