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5 Written questions

5 Matching questions

  1. business format franchise
  2. S corporation
  3. general partnership
  4. corporation
  5. institutional investor
  1. a 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.
  2. b An organization that pools contributions from investors, clients, or depositors and uses these funds to buy stocks and other securities
  3. c A form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners
  4. d A form of corporation that avoids double taxation by having its income taxed as if it were a partnership.
  5. e 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

5 Multiple choice questions

  1. The document filed with a state government to establish the existence of a new corporation.
  2. The basic rules governing how a corporation is organized and how it conducts its business
  3. The most common type of business corporation, where ownership offers limited liability to all of its owners, also called stockholders.
  4. 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
  5. The party in a franchise relationship that pays for the right to use resources supplied by the franchisor

5 True/False questions

  1. statutory close corporationA corporation with a limited number of owners that operates under simpler, less formal rules than a C corporation.


  2. limited liability companyA form of business ownership that offers both limited liability to its owners and flexible tax treatment


  3. franchise disclosure document (FDD)The contractual arrangement between a franchisor and franchisee that spells out the duties and responsibilities of both parties.


  4. franchise agreementThe party in a franchise relationship that pays for the right to use resources supplied by the franchisor


  5. divestitureThe transfer of total or partial ownership of some of a firm's assets to investors or to another company