Because of their size and limited resources, small businesses rarely create innovations that are important to the U.S. economy.

With an existing business, the new owner can depend on employees to help him make money while he is learning the business.

Currently, women make up ________ percent of the U.S. workforce.

Each partner in a limited liability partnership is a limited partner; there are no general partners.

An entrepreneur who is considering purchasing a business is analyzing a company’s accounts receivable. The following table summarizes her findings.How much should this potential buyer be willing to pay for these accounts receivable?

A small business owner can collect a great deal of information about competitors through a number of low-cost competitive intelligence methods.

Few other stakeholders are as important to a business as its employees.

For the question(s) below, consider the following competitive profile matrix: Competitive Profile Matrix Key Success Factors Your Business Weighted Competitor 1 Weighted Competitor 2 Weighted Weight Rating Score Rating Score Rating Score Quality .35 4 1.40 2 .70 1 .35 Service .20 4 .80 2 .40 2 .40 Convenience .15 2 .30 4 .60 1 .45 On-Time Delivery .20 2 .40 4 .80 3 .60 Location .10 3 .30 1 .10 2 .20 Total 1.00 3.20 2.60 1.70 Which company has the strongest competitive position?

The “theory of inventive problem solving” is a left-brained, scientific, systematic process based on innovative patents and is referred to as ________.

A patent protects the creator of original works of authorship such as for software.