5 Written questions
5 Matching questions
- franchise agreement
- nonprofit corporation
- institutional investor
- business format franchise
- a An organization that pools contributions from investors, clients, or depositors and uses these funds to buy stocks and other securities
- b A corporation that does not seek to earn a profit and differs in several fundamental respects from general corporations.
- 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.
- 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
- e The contractual arrangement between a franchisor and franchisee that spells out the duties and responsibilities of both parties.
5 Multiple choice questions
- The most common type of business corporation, where ownership offers limited liability to all of its owners, also called stockholders.
- 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.
- The transfer of total or partial ownership of some of a firm's assets to investors or to another company
- The party in a franchise relationship that pays for the right to use resources supplied by the franchisor
- A combination of firms at different stages in the production of a good or service
5 True/False questions
acquisition → A form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners
corporation → A form of corporation that avoids double taxation by having its income taxed as if it were a partnership.
merger → A voluntary agreement under which two or more people act as co-owners of a business for profit.
partnership → A 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
franchise → a 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