Business and entrepreneur test You need to create a legal structure for your small business. You have plans for it to grow and hope in the future to sell shares to the public. Your startup partners are citizens of Mexico and Japan. You do not want to be personally responsible for business liabilities. - Correct Answer C-corp survival of the fittest - Correct Answer Focus shifts to revenue, expenses, and growth. Cash flow is a major issue.What is the primary benefit of starting a new business without purchasing a franchise or buying an existing business? - Correct Answer Developing your own rules Business plan - Correct Answer Is a multi-page document describing and detailing a business.Pitch deck - Correct Answer A slide presentation for potential investors that summarizes of the key items of a business.Lean canvas - Correct Answer Single-page business summary template that was created by Ash Maurya Characteristic of a pitch deck - Correct Answer -Used to get investors attention -10-20 slides -highly visual True or false- Trade Secrets are confidential information which may be sold or licensed. - Correct Answer True True or false- A trademark protects a brand name. - Correct Answer True True or false- A patent is used to protect an original work like music. - Correct Answer False True or false- A copyright is used to protect a company logo - Correct Answer False
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