Business, 16.10.2019 10:30 katiaciceron3912

1an internet search for information about franchise businesses will not you find out

a. start-up costs.
b. the number of hours you'll have to put in.
c. support you'll receive from the parent corporation.
d. the variety of franchise businesses available.

2 all of the following phrases describe a partnership except

a. high protection for your personal assets.
b. shared responsibility for decisions.
c. the involvement of up to 20 partners.
d. low start-up costs.

3 once you've chosen your business and focused on your niche, the next step is to

a. research the amount of capital you'll need.
b. research the best location for your shop.
c. write your business plan.
d. establish a web presence.

4 which one of the following types of businesses has the least amount of personal liability?

a. sole proprietorship
b. corporation
c. close corporation
d. partnership

5 if teamwork and support are high on your priority list, a may be a poor choice for a business.

a. sole proprietorship.
b. corporation.
c. partnership.
d. close corporation.

6 rob, dave, and kelly understand the financial risks involved in starting their own brewery; that's why they've established their business as a

a. company.
b. proprietorship.
c. partnership.
d. close corporation.

7 ultimately, to be successful, a business must

a. make a profit.
b. provide a service.
c. fulfill a commercial need.
d. make you happy.

8 the overwhelming majority of existing businesses are

a. close corporations.
b. partnerships.
c. corporations.
d. sole proprietorships.

9 one of the disadvantages of a sole proprietorship is

a. large claims on profits.
b. high start-up costs.
c. danger to your personal assets.
d. lack of control for you.

10 suzanne, who started a new restaurant, set up her business as a in order to keep her personal and business finances legally separate.

a. company
b. close corporation
c. partnership
d. sole proprietorship

need i passed all my classes except this class and i'm retaking business for a 3rd time

Answers: 3

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