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Business class homework help! Please check my answers!?

16. At Dana’s new business, he’s running into problems with employees who don’t want to change procedures or do things his way. This can be one of the drawbacks of
A. being the boss.
B. buying an established business. (X)
C. not having adequate experience.
D. investing in a franchise.

17. Gary and Wilma Johnson plan to open a bus tour business, taking people from their small city to historic sites along the East Coast. Tours will include bus fare, hotel accommodations, breakfast, and admission to the sites. What aspect of their research might they want to pay special attention to?
A. Profit margin (X)
B. Inventory
C. Computer software
D. Past trends

18. Liz planned on opening a handmade quilt business in her hometown. However, after completing a/an ____, she decided to start with an online business.
A. course in design
B. market survey (X)
C. registration
D. advertising campaign

19. Rob, Dave, and Kelly understand the financial risks involved in starting their own brewery; that’s why they’ve established their business as a
A. company. .
B.partnership.
C. proprietorship
D. close corporation.

20. Maria, a bookkeeper, would like to work at home in order to be with her young children. But before setting up her home-based bookkeeping service, she should
A. buy the latest computer software.
B. find a partner to help finance the business. C. form a close corporation.
D investigate the market.

I dont have any answers for 19 and 20…Please help me??

As far as I can tell, they are all correct.

For 19, I know setting up a corp or limited partnership can protect your assets but it only talks about partnership, not limited so I would assume D

For 20, A is correct, but whether or not she should do anything else, I couldn’t say


2 Responses to “Business class homework help! Please check my answers!?”

  1. Squeevil_2000 says:

    As far as I can tell, they are all correct.

    For 19, I know setting up a corp or limited partnership can protect your assets but it only talks about partnership, not limited so I would assume D

    For 20, A is correct, but whether or not she should do anything else, I couldn’t say
    References :

  2. Danielle says:

    yes, they’re correct

    19. d (Liability protection for shareholders is strong)
    20. d (and see if there is a demand for her bus.)
    References :
    actg background