unit 4: Business and Government
latest update exam with questions
and answers 2023
Start of Business Structure - CORRECT ANSW-Start of Business
Structure
Franchises are attractive to business owners because
they have a proven business model.
they are typically inexpensive to buy.
they get to keep all profits.
they come with very little risk. - CORRECT ANSW-they have a
proven business model.
Which document determines the number of shares in a company?
a stock prospectus
an annual bill of rights
a corporate charter
an annual report - CORRECT ANSW-a corporate charter
An entrepreneur who opens a franchise must
assume debts.
keep profits.
offer training.
select sites. - CORRECT ANSW-assume debts.
Entrepreneurs who want to open a franchise
buys the rights from the parent company and creates his or her
own rules.
buy the rights from the parent company and invest in a location
approved by the parent company.
invest in a location and create a business model for the franchise.
invest in a location and develop a trademark for the franchise. -
CORRECT ANSW-buy the rights from the parent company and
invest in a location approved by the parent company.
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