Biz Law Assessment 9/14

Which of the following is a disadvantage of a franchise?

• Requires assistance from a parent company

• Name recognition

• Shared advertising expenses

• Must follow the parent company’s business structure

Which of the following is a type of business which operates as a separate legal entity?

• Corporation

• Sole Partnership

• Partnership

• Franchise

Which of the following are the unique names which identify Internet sites and businesses?

• Trademark

• Domain Name

• Patent

• Copyright

Which of the following is NOT a tip provided in the segment for naming a business?

• Making the name short or indicate a short version

• Making the name difficult to pronounce

• Making it easy to remember

• Making the name descriptive of the business

Which of the following are the grants of intellectual property rights to the inventor?

• Trademark

• Domain Name

• Patent

• Copyright

What is money raised by a business or investor in exchange for a share of ownership in the company?

• Equity capital

• Venture Capital

• Debt Capital

• Investment Capital

Which of the following is the process of issuing loans in small amounts?

• Macrolending

• Microlending

• Granting

• Leasing

Which of the following is NOT a type of business ownership?

• Partnership

• Entrepreneurship

• Sole Proprietorship

• Franchise

Which of the following is a type of business which operates as a separate legal entity?

• Corporation

• Entrepreneurship

• Franchise

• Partnership

Which of the following is defined as a business which is owned and operated by one individual?

• Sole Proprietorship

• Entrepreneaurship

• Partnership

• Franchise