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5 Written questions

5 Matching questions

  1. franchise agreement
  2. nonprofit corporation
  3. institutional investor
  4. franchisor
  5. business format franchise
  1. a An organization that pools contributions from investors, clients, or depositors and uses these funds to buy stocks and other securities
  2. b A corporation that does not seek to earn a profit and differs in several fundamental respects from general corporations.
  3. c A broad franchise agreement in which the franchisee pays for the right to use the name, trademark, and business and production methods of the franchisor.
  4. d the business entity in a franchise relationship that allows others to operate their business using resources it supplies in exchange for money and other considerations
  5. e The contractual arrangement between a franchisor and franchisee that spells out the duties and responsibilities of both parties.

5 Multiple choice questions

  1. The most common type of business corporation, where ownership offers limited liability to all of its owners, also called stockholders.
  2. When owners are not personally liable for claims against their firm. Limited liability owners may lose their investment in the company, but their personal assets are protected.
  3. The transfer of total or partial ownership of some of a firm's assets to investors or to another company
  4. The party in a franchise relationship that pays for the right to use resources supplied by the franchisor
  5. A combination of firms at different stages in the production of a good or service

5 True/False questions

  1. acquisitionA form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners


  2. corporationA form of corporation that avoids double taxation by having its income taxed as if it were a partnership.


  3. mergerA voluntary agreement under which two or more people act as co-owners of a business for profit.


  4. partnershipA voluntary agreement under which two or more people act as co-owners of a business and have unlimited liability for any claims against the firm


  5. franchisea licensing agreement wherebu a franchisor allows franchisees to use its name, trademark, products, business methods and other property in exchange for monetary payments and other consideration


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