Business Quiz

A business agreement where the person who is buying into the business gets a vast array of tools but pays a fee to use them every year

• franchise

• royalty

• parent company

• sister company

In a franchise agreement the payment, every year, to utilize all the tools of the franchisor, is called ___________?

• royalty

• franchise

• business agreement

• license fees

In a franchise relationship, the entity who is the person leasing the rights of his/her tools of business is referred to as the __________?

• franchisor

• franchisee

• franchizor

• lessee

A type of business that makes goods that other businesses use to make goods or services

A business that engages in finance, sales, or reselling is a __________ business

• commercial

• service

• industrial

• financial

a bank is an example of what type of business?

• commercial

• service

• industrial

• real estate

An organization that sells things for a profit is considered to be a __________?

• business

• scam

• not for profit

• corporation

Profit is reached when ____________ is greater than expenses.

___________________ = the quantity produce within a given time period

Productivity levels measure theoretical _____________ given the most efficient tools for workers