Question 1

Why is the experience and professional background of managers so important to the operation of a business?

Accepted Answer

The professional background of the management is vital to the success of any business.Experienced managers can draw from life experiences as well as their education in making informed decisions about the future of their business.Experienced and seasoned managers know how to: plan for success; foresee possible obstacles; make adjustments as necessar y and keep their team motivated.Inexperienced managers might be reactive to situations instead of pro-active to the same situa- tion, which could lead to mistrust in their ability to manage and lead.

Question 2

List some of the differences between sole proprietorship, partner- ship, LLC, C corporation, and S corporation.

Accepted Answer

See the Key Terms definitions in the following section.

Question 3

What does one have to do to become a corporation in the state where it will conduct business?

Accepted Answer

Normal procedure would be to fill out the appropriate paperwork with the secretar y of state where you wish to conduct business.

Question 4

Discuss how a new business owner can do some basic market research.

Accepted Answer

Basic market research can be done on the

Question 5

Which business structure is best for a restaurant?

Accepted Answer

There is no clear definitive answer to t

Question 6

There are several business structures that can be formed.Describe each of the following:

Accepted Answer

a.sole proprietorship 
b.partnership
c.c

Question 7

Who are the two major audiences for a business plan?

Accepted Answer

Investors-Investors want to be convince

Question 8

Who is the audience for a business plan?

Accepted Answer

The business plan has two audiences:
a.I

Question 9

What is the purpose of a business plan?

Accepted Answer

A business plan is developed as a writte

Why is the experience and professional background of managers so important to the operation of a business?

List some of the differences between sole proprietorship, partner- ship, LLC, C corporation, and S corporation.

What does one have to do to become a corporation in the state where it will conduct business?

Discuss how a new business owner can do some basic market research.

Which business structure is best for a restaurant?

There are several business structures that can be formed.Describe each of the following:

Who are the two major audiences for a business plan?

Who is the audience for a business plan?

What is the purpose of a business plan?

Menu Design and Engineerin

Marketing: Research Analysis and Building a Customer Base Chapter Overview

Site Selection

Finance and Accounting

Building the Restaurant

Sanitation Management

Restaurant Management and Operations Analysis

Customer Service

Human Resource Management

Filters

Exam 4: Business Plan

Why is the experience and professional background of managers so important to the operation of a business?

List some of the differences between sole proprietorship, partner- ship, LLC, C corporation, and S corporation.

What does one have to do to become a corporation in the state where it will conduct business?

Discuss how a new business owner can do some basic market research.

Which business structure is best for a restaurant?

There are several business structures that can be formed.Describe each of the following:

Who are the two major audiences for a business plan?

Who is the audience for a business plan?

What is the purpose of a business plan?

Menu Design and Engineerin

Marketing: Research Analysis and Building a Customer Base Chapter Overview

Site Selection

Finance and Accounting

Building the Restaurant

Sanitation Management

Restaurant Management and Operations Analysis

Customer Service

Human Resource Management

Filters