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.

If a business has a lien against any of its assets at the time of the sale, the buyer must assume them and is financially responsible for them.