Chapter Seven Entre

A business that has the legal rights of a person but is independent of its owners

• Corporation

• Sole Proprietorship

• Partnership

• Agreement

A business owned by two or more people

• Contractor

• Sole Proprietorship

• Corporation

• Partnership

A name, symbol, or special mark used to identify a business or brand of product.

• Copyright

• Trademark

• Contract

• Sole Proprietorship

Which of the following is NOT an element of a legally binding contract

• Offer and Acceptance

• Legality

• Consideration

• Determination

An advantage of opening a franchise is

• Franchise Fees

• Guaranteed Success

• Having an established product or service

• Having unlimited freedom to make decisions

A copyright lasts for how long?

• 100 years

• 20 years

• 400 years

• The life of the author plus 70 years

A unit of ownership in a corporation

• Dividend

• Franchise Fee

• Share of Stock

• Patent

The person who purchases a franchise agreement

• Franchisee

• Franchisor

• Business person

• CEO

a legal agreement that gives an individual the right to market a company’s products or services in a particular area

• Corporation

• Franchise

• Owner

• Franchisor

A business that is owned exclusively by one person

• Sole Proprietorship

• Partnership

• Corporation

• Limited Liability Corporation