Assignment:
I. True or False (T or F):
1. A life-style frim is a entrepreneur pursuing for growth.
2. Relating from science(technology) to market can be done only by Government.
3. A loss orientation emphasizes the loss avoidance.
4. US Federal Governments are the good sources of new ideas.
5. A technological innovation means one with low quantity and high uniqueness.
6. A laboratory development is a development stage of product development process.
7. Sarbanes-Oxley Act(2002) is for protection of coprporation's insurances.
8. A business plan should be written by the entrepreneur.
9. The goals and objective are related to the time-period.
10. A business plan should include potential risks.
11. A cash flow is not included in a business paln.
12. A sole propriertorship is easy to be transferable.
13. A partnership is transferable without consent.
14. A corporation is hard to be transferable.
15. A corporation has a double tax burden without any tax benefit.
16. 'Western Auto' is a product franchising of auto parts.
17. 'Realtor' is a trade-name franchsing of services.
18. A Piggy Banking franchsing is a franchising of various brands products.
19. A self-analysis for buying business is to analyze his experiences.
20. A investigation for buying business is to investigate the value of business.
21. A evaluation for buying business is to evaluate the price of business.
22. A evaluation for buying business is to evlauate the income statement of business.
23. A bargaining zone is between buyer's lowest value and seller's maximum value.
24. A brainstorming allows no criticism but only one round.
25. A pilot production is the development stage of product development process.
26. An upsclae image is for goods with high quality and low price..
27. Franchising pays fees regularly dependening on sales.
II. Summarize:
1. Entrepreneur's decision-making characteristics:
2. Methods of obtaining new ideas:
3. Product cycle:
4. Patents:
5. Elements of business plan:
6. Differences among sole proprietorship, partnership, and corporation (only 3):
7. Benefits of franchising:
8. Steps for buying business:
9. Methods of evaluation of business to be bought:
10. Questions of investigation of business to be bought:
11. P's of 'Art of Deal':
12. Price/Quality strategies: