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Question
A document that states the principles intended to guide a family firm through times of crisis and change, including the succession process, is called the:
a. business plan
b. articles of incorporation
c. family business constitution
d. corporate by-laws
Answer
This answer is hidden. It contains 1 characters.
Related questions
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When a stock sale is restricted to private placement, an entrepreneur can avoid many of the demanding requirements of the securities laws.
a. True
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Making funds available to cover losses that cannot be eliminated by risk control
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a. True
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A market is best defined as a geographical area that is of commercial interest to the entrepreneur.
a. True
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a. True
b. False
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a. True
b. False
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Define the term market and explain the key ingredients of that definition.
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What are the qualifications of partners?
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Liability on the part of an owner that extends beyond the owners investment in the business
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a. debt capital.
b. accrued expenses.
c. owners' long-term debt.
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Bernard has just learned that on the balance sheet, the assets must equal the ___________ plus the _______________.
a. money borrowed from others, money invested by the owners
b. accounts receivable, accounts payable
c. accumulated depreciation, asset value
d. net profit, retained earnings
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In order to derive a cash flow statement, the owner must add back the _____ to the income statement.
a. depreciation expense
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d. decrease in accounts payable
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a. marketing plan.
b. statement of cash flows.
c. balance sheet.
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a. 2 years
b. 6 months
c. 1 quarter
d. 12 months