Business Ownership
Authored by Victoria Lunsford
Education
9th - 12th Grade
Used 2+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
business which is granted a charter establishing its own rights, privileges and liabilities distinct from those of its members
Legal Entity
General Partnership
Sole Proprietorship
Separate Legal Entity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who has business experience and will aid in guiding a company to success
Mentor
General Partnership
Corporation
Franchisor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
wealth in the form of money or property; used in a business by a person, partnership or corporation
Partnership
Capital
General Partnership
Corporation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
person or persons who pay fees to a company to operate a business under the franchisor’s trade name
Limited Partnership
General Partnership
Franchisee
Franchisor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
business which leases its trade name and operating system to another person
Franchisor
Legal Entity
Sole Proprietorship
Limited Partnership
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
right or license to sell a company’s product or service at a designated location
Franchisee
Sole Proprietorship
Legal Entity
Franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
separate legal entity which forms a board to act as governing bodies
Business Ownership
Corporation
Separate Legal Entity
General Partnership
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