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Politics And Government
Law
Business Structures
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Business Structures
Tiffany Phillips
1 October 2022
4.7
(114 reviews)
9 test answers
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(5)
question
An entrepreneur who opens a franchise must
answer
NOT select sites
question
Cooperatives save members money by
answer
NOT sharing all profits democratically as a group.
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
A disadvantage of forming a partnership is that owners
answer
are fully responsible for their partners' losses.
question
Which document determines the number of shares a company can sell?
answer
NOT a stock prospectus
question
How do corporations raise money and resources to expand?
answer
They agree to sell stocks.
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
Franchising is typically done by
answer
corporations
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.
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