Question 1

A limited partnership limits certain partners' liabilities to pay the venture's obligations to the amount each paid for their partnership interests.

Accepted Answer

A) True 
 B)False

Question 2

A trademark must be novel in order to receive protection.

Accepted Answer

A) True 
 B)False

Question 3

In a general partnership,legal action that treats all partners equally as a groupis called:

Accepted Answer

A) joint and several liability 
B) joint liability 
C) limited liability 
D) accrued liability 
E) general liability 
A) joint and several liability 
B) joint liability 
C) limited liability 
D) accrued liability 
E) general liability

Question 4

Based on 2009 tax schedules,the highest marginal tax rate on personal taxable income is:

Accepted Answer

A) 25.0% 
B) 28.0% 
C) 33.0% 
D) 35.0% 
E) 40.0% 
A) 25.0% 
B) 28.0% 
C) 33.0% 
D) 35.0% 
E) 40.0%

Question 5

Limited liability in the corporate business structure means creditors can seize only some of the corporation's assets.

Accepted Answer

A) True 
 B)False

Question 6

Most trademarks take the form of names,words,or graphic designs.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not a "kind" of patent?

Accepted Answer

A) Utility 
B) Design 
C) Mark 
D) Plant 
E) Business method 
A) Utility 
B) Design 
C) Mark 
D) Plant 
E) Business method

Question 8

Following is a partial 2009 personal income tax schedule for a single filer:
Taxable Income
 
-The cumulative dollar amount of income taxes paid by a single filer who has taxable income of $33,950 would be:

Accepted Answer

A) $150 
B) $835 
C) $3,840 
D) $4,675 
E) $10,385 
A) $150 
B) $835 
C) $3,840 
D) $4,675 
E) $10,385

Question 9

Partnerships are treated with pass-through taxation.This means that profits and losses of the business pass directly through to investors on the basis specified in the partnership agreement.

Accepted Answer

A) True 
 B)False

Question 10

There are four types of "marks" that can be used to try to protect intellectual property.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following numbers of shareholders is allowed in a Subchapter S (or S)corporation business form?

Accepted Answer

A) 74 
B) 125 
C) 130 
D) 500 
A) 74 
B) 125 
C) 130 
D) 500

Question 12

A "color mark" is considered to be one four types of "marks" used to try to protect intellectual property.

Accepted Answer

A) True 
 B)False

Question 13

"Collective marks" cover memberships in groups (e.g. ,a sorority or a labor union).

Accepted Answer

A) True 
 B)False

Question 14

Confidential disclosure agreements are used to protect intellectual property when disclosure must be made to an outside individual or organization.

Accepted Answer

A) True 
 B)False

Question 15

Which form of business organization is characterized as having unlimited life?

Accepted Answer

A) proprietorship 
B) limited partnership 
C) limited liability corporation 
D) subchapter S corporation 
E) general partnership 
A) proprietorship 
B) limited partnership 
C) limited liability corporation 
D) subchapter S corporation 
E) general partnership

Question 16

Based on 2009 tax laws,the highest possible marginal tax table rate is higher for corporations than for individuals.

Accepted Answer

A) True 
 B)False

Question 17

Wealthy individuals who invest in early stage ventures in exchange for the excitement of launching a business and a share in any financial rewards are known as:

Accepted Answer

A) creditors 
B) white knights 
C) corporate raiders 
D) business angels 
E) stakeholders 
A) creditors 
B) white knights 
C) corporate raiders 
D) business angels 
E) stakeholders

Question 18

Intellectual property can be protected by all of the following except:

Accepted Answer

A) patents 
B) trademarks 
C) legal disclaimers 
D) copyrights 
E) trade secrets 
A) patents 
B) trademarks 
C) legal disclaimers 
D) copyrights 
E) trade secrets

Question 19

Certification marks are typically used to:

Accepted Answer

A) indicate membership in a trade group 
B) indicate a certain brand of service 
C) indicate quality 
D) are symbols used to associate products to a specific brand 
A) indicate membership in a trade group 
B) indicate a certain brand of service 
C) indicate quality 
D) are symbols used to associate products to a specific brand

Question 20

Intellectual property rights to "writings" in written and electronically-stored forms are protected by:

Accepted Answer

A) Patents 
B) copyrights 
C) trade secrets 
D) trademarks 
A) Patents 
B) copyrights 
C) trade secrets 
D) trademarks

A limited partnership limits certain partners' liabilities to pay the venture's obligations to the amount each paid for their partnership interests.

A trademark must be novel in order to receive protection.

In a general partnership,legal action that treats all partners equally as a groupis called:

Based on 2009 tax schedules,the highest marginal tax rate on personal taxable income is:

Limited liability in the corporate business structure means creditors can seize only some of the corporation's assets.

Most trademarks take the form of names,words,or graphic designs.

Which of the following is not a "kind" of patent?

Following is a partial 2009 personal income tax schedule for a single filer: Taxable Income -The cumulative dollar amount of income taxes paid by a single filer who has taxable income of $33,950 would be:

Partnerships are treated with pass-through taxation.This means that profits and losses of the business pass directly through to investors on the basis specified in the partnership agreement.

There are four types of "marks" that can be used to try to protect intellectual property.

Which of the following numbers of shareholders is allowed in a Subchapter S (or S)corporation business form?

A "color mark" is considered to be one four types of "marks" used to try to protect intellectual property.

"Collective marks" cover memberships in groups (e.g. ,a sorority or a labor union).

Confidential disclosure agreements are used to protect intellectual property when disclosure must be made to an outside individual or organization.

Which form of business organization is characterized as having unlimited life?

Based on 2009 tax laws,the highest possible marginal tax table rate is higher for corporations than for individuals.

Wealthy individuals who invest in early stage ventures in exchange for the excitement of launching a business and a share in any financial rewards are known as:

Intellectual property can be protected by all of the following except:

Certification marks are typically used to:

Intellectual property rights to "writings" in written and electronically-stored forms are protected by:

Introduction and Overview

From the Idea to the Business Plan

Measuring Financial Performance

Evaluating Financial Performance

Financial Planning:short Term and Long Term

Types and Costs of Financial Capital

Securities Law Considerations When Obtaining Venture Financing

Valuing Early-Stage Ventures

Venture Capital Valuation Methods

Professional Venture Capital

Other Financing Alternatives

Security Structures and Determining Enterprise Values

Harvesting the Business Venture Investment

Financially Troubled Ventures: Turnaround Opportunities

Filters

Exam 3: Organizing and Financing a New Venture

A limited partnership limits certain partners' liabilities to pay the venture's obligations to the amount each paid for their partnership interests.

A trademark must be novel in order to receive protection.

In a general partnership,legal action that treats all partners equally as a groupis called:

Based on 2009 tax schedules,the highest marginal tax rate on personal taxable income is:

Limited liability in the corporate business structure means creditors can seize only some of the corporation's assets.

Most trademarks take the form of names,words,or graphic designs.

Which of the following is not a "kind" of patent?

Following is a partial 2009 personal income tax schedule for a single filer: Taxable Income -The cumulative dollar amount of income taxes paid by a single filer who has taxable income of $33,950 would be:

Partnerships are treated with pass-through taxation.This means that profits and losses of the business pass directly through to investors on the basis specified in the partnership agreement.

There are four types of "marks" that can be used to try to protect intellectual property.

Which of the following numbers of shareholders is allowed in a Subchapter S (or S)corporation business form?

A "color mark" is considered to be one four types of "marks" used to try to protect intellectual property.

"Collective marks" cover memberships in groups (e.g. ,a sorority or a labor union).

Confidential disclosure agreements are used to protect intellectual property when disclosure must be made to an outside individual or organization.

Which form of business organization is characterized as having unlimited life?

Based on 2009 tax laws,the highest possible marginal tax table rate is higher for corporations than for individuals.

Wealthy individuals who invest in early stage ventures in exchange for the excitement of launching a business and a share in any financial rewards are known as:

Intellectual property can be protected by all of the following except:

Certification marks are typically used to:

Intellectual property rights to "writings" in written and electronically-stored forms are protected by:

Introduction and Overview

From the Idea to the Business Plan

Measuring Financial Performance

Evaluating Financial Performance

Financial Planning:short Term and Long Term

Types and Costs of Financial Capital

Securities Law Considerations When Obtaining Venture Financing

Valuing Early-Stage Ventures

Venture Capital Valuation Methods

Professional Venture Capital

Other Financing Alternatives

Security Structures and Determining Enterprise Values

Harvesting the Business Venture Investment

Financially Troubled Ventures: Turnaround Opportunities

Filters