Chris Quiz #2

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

• True

• False

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

• Partnership

• Corporation

• Franchise

Which of the following is owned by one individual?

• Sole partnership

• Partnership

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

• Franchise

• Sole partnership

• Corporation

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

• Partnership

• Sole partnership

• Corporation

• Franchise

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

• Investors

• Loans

• Sale of assets

• Small business administration

Angel investors are individuals who seek high returns through investments.

• True

• False

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

• Patents

• Licenses

• Trademarks

Parents are issued by state governments.

• True

• False

Capital is wealth in the form of money or property

• True

• False