GMS 200 Chapter 5: GMS Chapter 5.docx

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Tsogbadral Galaabaatar

Document Summary

Gms chapter 5: entrepreneurship and small business management. Sole proprietorship: is a form of business where an individual pursues a profit. Corporation: is a legal entity that exists separately from its owners. Limited liability corporation: is a hybrid business form combining advantages of the sole proprietorship, partnership, and corporation. Debt financing: involves borrowing money that must be repaid over time, with interest. Equity financing: involves exchanging ownership shares for outside investment monies. Venture capitalists: make large investments in new ventures in return for an equity stake in the business. Initial public offering: or ipo, is an initial selling or shares of stock to the public at large. Angel investor: is a wealthy individual willing to invest in a new venture in return for equity in a new venture. Entrepreneurship: is risk-taking behavior that results in new. An entrepreneur: is willing to pursue opportunities in situations others view as problems or threats. Those who take risk of buying a local.