Politics And GovernmentLawBusiness Structure
Please enter something

Business Structure

Heidi Sanchez avatar Heidi Sanchez
15 February 2023
4.8 (200 reviews)
10 test answers

Unlock all answers in this set

Unlock answers (6)
question
Entrepreneurs who want to open a franchise
answer
buy the rights from the parent company and invest in a location approved by the parent company.
question
Which are examples of sole proprietorships? Check all that apply
answer
independent workers,tax preparers , and freelance writers
question
How do corporations raise money and resources to expand?
answer
They agree to sell stocks.
question
Franchising is typically done by
answer
corporations
question
Which best describes the difference between sole proprietorships and partnerships?
answer
Sole proprietors keep all profits and have unlimited liability, while partners split profits and share liabilities.
question
Which describes the process of how a business incorporates?
answer
The business must gain government permission and issue a stock sale, followed by a shareholder vote.
question
Which document determines the number of shares a company can sell?
answer
a corporate charter
question
The main advantage that corporations have is
answer
limiting liability for owners and stockholders.
question
The most common business organizations in the United States are
answer
sole proprietorships
question
What happens to earnings in a cooperative?
answer
They are shared with member owners.