The Small Business Administration defines a small business as a firm that

A partner (owner) who invests money in a business does not take an active role in managing the operation and is only subject to losing the funds he/she invested is known as a(n)_______ partner.

A__________ is two firms combining to form one company.

A__________ is a written document that details the business idea, the target market and the business’s competitive advantage, financial resources available for the business, and the qualification of the management.

The form of business ownership best suited to raising large amounts of money for expansion is the

__________ is the management function that involves determining whether an organization is progressing toward its goals, rewarding employees for doing a good job, and taking corrective action when they are not.

Compared to a sole proprietorship, what is considered an advantage of a general partnership?

An owner of a corporation is known as a

Today’s managers should be skilled communicators.

Entrepreneurship is another name for management.