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Indicate whether the sentence or statement is true or false. 1.Traditional definitions of

Indicate whether the sentence or statement is true or false. 1.Traditional definitions of

Indicate whether the sentence or statement is true or false.

1.Traditional definitions of a small business center arounddefining a business along functional lines, or according to afirm’s operating characteristics.

2. Lifestylers are those business owners who are verygrowth-oriented in their approach to starting and maintaining abusiness.

3. Finance can be studied from either a micro or macroperspective.

4. In a totally free financial market system, the supply anddemand for money would NOT be the only determinants of interestrates in any market for loanable funds.

 

5.Unsystematic risk deals with risk from economic, political,and sociological factors.

6. A market is simply a mechanism through which the exchange ofgoods and services takes place.

 

7. The mental and physical talents of human beings areentrepreneurial resources.

 

8. The stocks and bonds issued by a corporation are examples ofeconomic capital resources of the corporation.

9. In the market for loanable funds, as the interest rateincreases, the amount of funds supplied to the financial marketswill increase, other things constant (ceteris paribus).

10. The Federal Reserve is the central bank of the UnitedStates, and has these as some of its basic functions: monetarypolicy, fiscal policy, supervisory functions, servicefunctions.

 

11. A plan that relates to a specific area of business, such asmarketing, is known as a strategic plan.

 

12. A goal is a measurable objective that can be reached in aspecified time frame.

 

13. Public corporations have double taxation, unlimitedliability for owners, and can raise large amounts of cash byselling stocks or bonds.

 

14. Limited partnerships have limited liability for all of thepartners.

15. A Subchapter S Corporation can sell its stock to any numberof shareholders.

 

16. Franchisers purchase the right to sell products or servicesof the franchisee.

 

17. One common clause in a franchise agreement is that whichspecifies what the royalty fee is to be paid.

 

18. The Service Core of Retired Executives (SCORE) is a group ofretired government bureaucrats who provide help to small businessowners.

 

19. Business income for sole proprietors is included on theowner’s personal income tax return, on Schedule C and Form1040.

 

20. If an owner has employees in his/her business, then theymust file with the IRS to receive an employment identificationnumber (EIN). This number is the same as business sales-tax exemptnumber.

Abhinav 04-Dec-2019

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