Sophia Learning - Intro to Business - Milestone 1.pdf, ALL QUESTIONS WITH ACCUARTE ANSWERS. GRADED A+

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Which of the following would cause a person starting a small business to choose a sole proprietorship over a partnership? • The person lacks sufficient funding for business operations. • The ... person is willing to share responsibilities for running the business. •  The person wants to retain complete control over the entire business. • The person has minimal experience managing a small business. CONCEPT Non-Corporate Business 2 In modern times, companies need to be socially responsible toward various stakeholders. When a company ensures that its products will not cause personal injury when used, the company is demonstrating particular consideration to which stakeholder? • Employees •  Customers Sophia :: Welcome Page 1 of 9https://capella.sophia.org/spcc/introduction-to-business-2/milestone_take_feedbacks/5587177 8/7/2020This study source was downloaded by 100000773243632 from CourseHero.com on 03-29-2022 09:38:40 GMT -05:00 https://www.coursehero.com/file/66338776/Sophia-Learning-Intro-to-Business-Milestone-1pdf/ • Investors • Environment CONCEPT Models of Social Responsibility and Considering the Stakeholder 3 Penelope worked for several years at an art gallery after graduating college. She had always imagined she would own her own studio one day, where she could showcase her own works as well as provide private art lessons and classes. She had saved money toward this goal but had little experience running any type of business. Based on Penelope's situation, which of the following is a disadvantage to her becoming a sole proprietor? • Penelope lacks significant expertise and experience in the art field. •  Penelope may have difficulty managing all aspects of a small business alone. • Penelope has few contacts she could use to obtain startup funding. • Penelope is worried about who will be responsible for making final business decisions. CONCEPT Non-Corporate Business 4 Which of the following would be included in the financial plan section of a business plan? • Methods for measuring if specified targets are met •  Projected profit and loss for the business • Analysis of competitors in the marketplace • Description of the target market for the business Sophia :: Welcome Page 2 of 9https://capella.sophia.org/spcc/introduction-to-business-2/milestone_take_feedbacks/5587177 8/7/2020This study source was downloaded by 100000773243632 from CourseHero.com on 03-29-2022 09:38:40 GMT -05:00 https://www.coursehero.com/file/66338776/Sophia-Learning-Intro-to-Business-Milestone-1pdf/ CONCEPT The 3 Part Business Plan 5 A large cable company is the only provider of cable TV and Internet for a small community. As a result, consumers in the community who want either of these services must purchase from this company. In which of the following economic markets is the cable company operating? • Oligopoly • Perfect • Monopolistic •  Monopoly CONCEPT Supply and Demand Economics 6 Brent was thinking about starting a landscaping business. He was concerned that the high unemployment rate in his community would [Show More]

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