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5 Written Questions

5 Matching Questions

  1. Separate Legal Entity
  2. Franchisor
  3. Sole Partnership
  4. Franchisee
  5. Capital
  1. a Person or persons who pay fees to a company to operate a business under the franchisor's trade name
  2. b A business that leases its trade name and operating system to another person
  3. c Business owned and operated by one individual
  4. d Wealth in the form of money or property; used in a business by a person, partnership or corporation
  5. e Business which is granted a charter establishing its own rights, privileges and liabilities distinct from those of its members

5 Multiple Choice Questions

  1. Words, symbols, names or devices used to sepecify goods and to differentiate them from others
  2. Guaranteed by collateral; items pledged making sure debt is repaid
  3. Partners share equal liability in the profits and losses of the business
  4. Separate legal entity which forms a board to act as governing bodies
  5. Unique names which identify internet sites and businesses

5 True/False Questions

  1. Equity CapitalMoney borrowed from a business or investor that must be repaid over time with interest

          

  2. InvestorsSomeone who has business experience and will aid in guiding your company to success

          

  3. Rebecca MilamMoney borrowed from a business or investor that must be repaid over time with interest

          

  4. LoansAmounts of money borrowed which will accumulate interest

          

  5. PatentsThe grants of intellectual property rights to the inventor

          

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