2 Written Questions

1. a written legal document that defines ownership and operating procedures and conditions for the business
2. a business owned and controlled by two or more people who have entered into a written agreement

2 Multiple Choice Questions

1. a written agreement among all owners
   1. partnership
   2. franchise
   3. corporation
   4. partnership agreement
2. a business owned and managed by one person
   1. sole proprietorship
   2. corporation
   3. partnership
   4. franchise

2 True/False Questions

1. franchise → a written contract granting permission to operate a business to sell products and services in a particular way

   True        False

2. corporation → a written contract granting permission to operate a business to sell products and services in a particular way

   True        False