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Business Ownership Trivia Part 2

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

When franchisees pay their parent companies a percentage of their annual profits, it is called a ------- fee.

(a)  

2.

An A&W Root Beer franchisee operating inside the facilities of a convenience store is an example of a (a)   franchise.

3.

What type of franchise must operate under the parent company's name or trademark?

(a)  

4.

Pam has arranged to sell Goodyear tires in her automotive supply store. She has entered into a ------- ---- ---- franchising agreement.

(a)  

5.

What type of franchise arrangment has a close and continuous working relationship between the parent company and the franchisee?

(a)  

6.

What type of franchise arrangement is often called a dealership or exclusive distributorship?

(a)  

7.

What business arrangement pays commissions on sales earned to people at two or more levels?

(a)  

8.

Illegally operated multi-level marketing operations that require potential members to pay a large initial investment fee are often referred to as

(a)  

9.

What type of business arrangement involves an owner granting permission to use trademarked, copyrighted, or patented material to another entity?

(a)  

10.

An arrangement that involves two independent businesses entering into a short-term relationship by combining complementary resources is referred to as a

(a)