Patents are issued by state governments.

• True

• False

Which of the following is owned and operated by one individual?

• Partnership

• Franchise

• Sole proprietorship

• Corporation

Capital is wealth in the form of money or property.

• True

• False

Angel investors are wealthy individuals who seek high returns through private investments.

• True

• False

Physical location of the business is a factor which should influence the type of ownership chosen.

• True

• False

Which of the following is the right or license to sell a company’s product or service at a designated location?

• Franchise

• Corporation

• Sole proprietorship

• Partnership

Which of the following forms boards to act as governing bodies and is the most complicated form of business?

• Sole proprietorship

• Partnership

• Corporation

• Franchise

___________ are words, symbols, names or devices used to specify goods and differentiate one good from others.

• Patents

• Copyrights

• Licenses

• Trademarks

Which of the following is NOT a financing option suggested in the presentation?

• Sale of assets

• Loans

• Small Business Administration

• Investors

A _________ is a legal agreement between two or more people and is the least common form of business.

• Sole proprietorship

• Corporation

• Partnership

• Franchise