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Starting a Business
Filed in
English Grammar Tests-Elementary Level
on Sep.18, 2009
1. When deciding on which form of business will best serve your purposes, you should take into account the time ......... necessary to handle regulations and formalities.
commitment
conditions
constraints
coordination
2. The need for funding is one of the first concerns for any new business, and unless you have the personal assets or can ......... friends, family or your bank, you will be seeking investors.
talk to
tap into
touch upon
trade with
3. Determining not only the type of business you are starting, but the type of customers you will attract and the manner in which you will attract them should also be ......... into your decision making process.
considered
factored
included
involved
4. The potential for liability from customer relationships or interaction ......... heavily on your liability risk.
impacts
incurs
intrudes
involves
5. For example, someone with a business that sells goods via the Internet or through mail order is less likely to ......... lawsuits than someone who owns physical store locations, where customer foot traffic (and potential injuries) could result.
garner
garnish
incite
inculcate
6. It will also be assumed that a professional business such as a law firm or accounting practice will have greater assets, making them greater targets in a ......... society.
illicit
legalistic
legislative
litigious
7. Someone who has already had previous business success and has significant assets from a previous business venture would also want to protect those assets ..........
closely
narrowly
severely
strictly
8. Apathy can come back to ......... a successful entrepreneur; plan ahead.
haunt
hound
hunt
hype
9. It is wise to ......... with both an attorney and an accountant and discuss the details of the business that you are planning to start and where you see it going in five or ten years.
hole up
hunker down
set up
sit down
10. ......... all the bases, including liabilities, taxes, employee benefits and the need for investors, before making your decision.
Cover
Lay
Run
Spike
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