Question 1

Patents that cover most inventions pertaining to new products,services,and processes,are referred to as:

Accepted Answer

A) design patents 
B) plant patents 
C) utility patents 
D) electrical patents 
E) mechanical patents 
A) design patents 
B) plant patents 
C) utility patents 
D) electrical patents 
E) mechanical patents

Question 2

The income received by a proprietorship is taxed at personal tax rates.

Accepted Answer

A) True 
 B)False

Question 3

Following is a partial 2009 personal income tax schedule for a single filer:
Taxable Income
 
-The average tax rate for a single filer with taxable income of $33,950 would be:

Accepted Answer

A) 10.0% 
B) 13.8% 
C) 15.0% 
D) 16.7% 
E) 20.0% 
A) 10.0% 
B) 13.8% 
C) 15.0% 
D) 16.7% 
E) 20.0%

Question 4

A work does not need to be registered to receive copyright protection;the work's creation is enough to provide copyright protection.

Accepted Answer

A) True 
 B)False

Question 5

Following is a partial 2009 corporate income tax schedule:
 
-The maximum dollar amount of income taxes in the $75,001-$100,000 bracket paid by a corporation with taxable income of $100,000 would be:

Accepted Answer

A) $6,250 
B) $7,500 
C) $8,500 
D) $13,750 
E) $22,250 
A) $6,250 
B) $7,500 
C) $8,500 
D) $13,750 
E) $22,250

Question 6

Business angels typically initiate their investments during the:

Accepted Answer

A) early stages of a venture's lifecycle 
B) middle stages of a venture's lifecycle 
C) maturity stage of a venture's lifecycle 
D) all of the above 
A) early stages of a venture's lifecycle 
B) middle stages of a venture's lifecycle 
C) maturity stage of a venture's lifecycle 
D) all of the above

Question 7

During the development stage,seed financing chiefly comprises:

Accepted Answer

A) funds from business angels and venture capitalists 
B) the entrepreneur's personal assets 
C) funds from family and friends 
D) a,b,and c 
E) only b and c 
A) funds from business angels and venture capitalists 
B) the entrepreneur's personal assets 
C) funds from family and friends 
D) a,b,and c 
E) only b and c

Question 8

"Business method" patents protect a specific way of doing business and the underlying computer codes,programs,and technology.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following forms of protecting intellectual property currently has a protection limit of 20 years?

Accepted Answer

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

Question 10

The highest marginal income tax rate for taxable personal income is 45 percent.

Accepted Answer

A) True 
 B)False

Question 11

Following is a partial 2009 corporate income tax schedule:
 
-The average tax rate for a corporation with taxable income of $100,000 would be:

Accepted Answer

A) 15.0% 
B) 16.75% 
C) 20.0% 
D) 22.25% 
E) 25.0% 
A) 15.0% 
B) 16.75% 
C) 20.0% 
D) 22.25% 
E) 25.0%

Question 12

Financial bootstrapping maximizes the need for financial capital.

Accepted Answer

A) True 
 B)False

Question 13

The equity capital sources for a proprietorship are partners,families,and friends.

Accepted Answer

A) True 
 B)False

Question 14

The maximum number of owners in a Subchapter S corporation is 150.

Accepted Answer

A) True 
 B)False

Question 15

Business angels are wealthy individuals who invest in early-stage ventures in exchange for the excitement of launching the business,as well as a share of the firm's financial gains.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not a right or a duty of general partners?

Accepted Answer

A) participation in profits and losses 
B) some liability for partnership obligations 
C) veto right on new partners 
D) eventual return of capital 
E) access to partnership books 
A) participation in profits and losses 
B) some liability for partnership obligations 
C) veto right on new partners 
D) eventual return of capital 
E) access to partnership books

Question 17

In a general partnership, legal action that treats all partners equally as a group  is 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 18

The articles of incorporation are the basic legal declarations contained in the corporate charter.

Accepted Answer

A) True 
 B)False

Question 19

Which form of business organization is characterized by having the shortest start-up time and lowest legal costs?

Accepted Answer

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

Patents that cover most inventions pertaining to new products,services,and processes,are referred to as:

The income received by a proprietorship is taxed at personal tax rates.

Following is a partial 2009 personal income tax schedule for a single filer: Taxable Income -The average tax rate for a single filer with taxable income of $33,950 would be:

A work does not need to be registered to receive copyright protection;the work's creation is enough to provide copyright protection.

Following is a partial 2009 corporate income tax schedule: -The maximum dollar amount of income taxes in the $75,001-$100,000 bracket paid by a corporation with taxable income of $100,000 would be:

Business angels typically initiate their investments during the:

During the development stage,seed financing chiefly comprises:

"Business method" patents protect a specific way of doing business and the underlying computer codes,programs,and technology.

Which of the following forms of protecting intellectual property currently has a protection limit of 20 years?

The highest marginal income tax rate for taxable personal income is 45 percent.

Following is a partial 2009 corporate income tax schedule: -The average tax rate for a corporation with taxable income of $100,000 would be:

Financial bootstrapping maximizes the need for financial capital.

The equity capital sources for a proprietorship are partners,families,and friends.

The maximum number of owners in a Subchapter S corporation is 150.

Business angels are wealthy individuals who invest in early-stage ventures in exchange for the excitement of launching the business,as well as a share of the firm's financial gains.

Which of the following is not a right or a duty of general partners?

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

The articles of incorporation are the basic legal declarations contained in the corporate charter.

Which form of business organization is characterized by having the shortest start-up time and lowest legal costs?

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

Patents that cover most inventions pertaining to new products,services,and processes,are referred to as:

The income received by a proprietorship is taxed at personal tax rates.

Following is a partial 2009 personal income tax schedule for a single filer: Taxable Income -The average tax rate for a single filer with taxable income of $33,950 would be:

A work does not need to be registered to receive copyright protection;the work's creation is enough to provide copyright protection.

Following is a partial 2009 corporate income tax schedule: -The maximum dollar amount of income taxes in the $75,001-$100,000 bracket paid by a corporation with taxable income of $100,000 would be:

Business angels typically initiate their investments during the:

During the development stage,seed financing chiefly comprises:

"Business method" patents protect a specific way of doing business and the underlying computer codes,programs,and technology.

Which of the following forms of protecting intellectual property currently has a protection limit of 20 years?

The highest marginal income tax rate for taxable personal income is 45 percent.

Following is a partial 2009 corporate income tax schedule: -The average tax rate for a corporation with taxable income of $100,000 would be:

Financial bootstrapping maximizes the need for financial capital.

The equity capital sources for a proprietorship are partners,families,and friends.

The maximum number of owners in a Subchapter S corporation is 150.

Business angels are wealthy individuals who invest in early-stage ventures in exchange for the excitement of launching the business,as well as a share of the firm's financial gains.

Which of the following is not a right or a duty of general partners?

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

The articles of incorporation are the basic legal declarations contained in the corporate charter.

Which form of business organization is characterized by having the shortest start-up time and lowest legal costs?

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