Match the business exit strategy to its result.

Harvesting

Match the business exit strategy to its result.

Management Buyout

Match the business exit strategy to its result.

Employee Stock Ownership Plan (ESOP)

Match the business exit strategy to its result.

Initial Public Offering (IPO)

A successful software trainer has decided to open a corporate training business. The software trainer is putting together an organizational chart and assessing what job roles will be needed. It has been determined that there will be four levels of employees in the organizational chart.

What are some of the expected roles of those employees on the highest level of the organizational chart?

An interior designer has learned that she must pay self-employment tax on her individual earnings. Which type of legal structure must pay self-employment tax?

An entrepreneur was building a website for a new dog grooming business. Through internet searches, the entrepreneur found many pictures to use on the new business's website. A few months later, the entrepreneur received a letter from a law firm for using these images.

Which type of intellectual property protection is at issue in this example?

An entrepreneur notices new demand for products featuring characters from a recent movie. The entrepreneur finds a manufacturer of kitchen products featuring these characters. The entrepreneur finds another manufacturer of bedding that features these characters. The entrepreneur decides to build a retail website and begins selling cookie jars, waffle irons, toasters, and bedding to fans of these characters.

Based on the scenario provided, what should be a primary concern of this entrepreneur?

A family owns a tractor sales and supply store. Over the past decade sales of large tractors and implements have decreased as many of the old farms in the community have sold and been subdivided into smaller residential hobby farms. The owner of the family tractor store wants to retire and give full operation of the business to his son. The son wants to enhance the sustainability of the family business. GIven the facts provided, which action would be most likely to increase the sustainability of the business?

The owner of a new landscaping company has set a number of milestones for the first year of his business. Achieving which of the following goals will show that the business has broken even or better?

A property care business provides landscaping maintenance, debris cleanup, and snow removal. The owner is reviewing several requests for its services.

Which potential new customer will generate the highest gross revenue over the next year?

A local bakery wants to develop close relationships with its customers to encourage return business.

What is the best option for the bakery to accomplish this goal?

The owner of a tire shop in a large city wants to reach the largest number of people possible with promotional efforts. Which method should be used?

The owner of a computer training center wants to know the book value of all the equipment in the center at the end of the year.

Which financial statement provides this information?

A business owner is applying for a loan with a bank. The bank uses a standard credit application form that asks the business owner about her personal income, bank accounts, credit cards, current balances outstanding, whether she rents or owns her house, and other personal information. The bank informs the business owner that they will also request her credit score from one of the national reporting agencies.

Which three are factors that affect credit scores? (Choose three.)

The owner of an online retail business dropships merchandise from her wholesale suppliers directly to her retail customers.

Which expense of her business is variable?

A law is passed increasing the minimum wage from $10 to $15 per hour. A gourmet pizza restaurant is popular for obtaining its ingredients locally. The owner of the pizza restaurant is forced to raise the average price of her pizzas by 30%. Customers are complaining about the price increase and say they will stop buying.

Which two factors are most responsible for the price increase? (Choose two)

A welder has arranged for a loan from a family member in the amount of $10,000 with an annual simple interest rate of 6%. The loan is due in 12 months.

What is the amount of simple interest due at the end of the 12 month loan period?

The owner of a used car sales business is analyzing the cash flow for his business for the prior year. In January, the opening inventory balance of automobiles was $208,000. A total of 350 cars were added during the year at an average price of $4,000 each, $1,508,000 worth of these cars were sold to customers by the final day of December.

What is the ending inventory value?