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Entrep Prefinal Quiz

Authored by Leo Atienza

Business

Professional Development

Used 1+ times

Entrep Prefinal Quiz
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29 questions

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1.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

It is a corporation organized under Subchapter of the Internal Revenue Code.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Franchise fees can be costly and cut down on profits.

True

False

3.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

A business that is owned exclusively by one person.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The purpose of the partnership agreement is to set down in writing the rights and responsibilities of each of the owners.

True

False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Owners sell their businesses for having a big income

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

These are paid to the franchise company to support television, magazine, or other advertising of the franchise as a whole.

Advertising Fee

Royalty Fee

Initial Franchise Fee

Start Up Cost

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Franchise Disclosure Document (FDD), regulates franchises and has established certain guidelines to assist those interested in buying a franchise.

True

False

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