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STRAYER BUS402 week 3 quiz 2 [summer 2104]




One major advantage of the ________ is that once the owner has paid all of the company's expenses, he/she can keep the remaining profits (less taxes, of course).;Answer;? Question 2;2 out of 2 points;Corporations that are formed in other countries but do business in the United States are;Answer;? Question 3;2 out of 2 points;A corporation doing business in the state in which it is incorporated is considered to be a(n) ________ corporation.;Answer;? Question 4;2 out of 2 points;The ________ is the most complex form of ownership and is a separate legal entity in the eyes of the law.;Answer;? Question 5;0 out of 2 points;A limited liability company is formed under;Answer;? Question 6;2 out of 2 points;The key to choosing the "right" form of ownership is;Answer;? Question 7;2 out of 2 points;A partnership is;Answer;? Question 8;2 out of 2 points;The most critical disadvantage of the sole proprietorship is;Answer;? Question 9;2 out of 2 points;A significant disadvantage of a partnership is;Answer;? Question 10;0 out of 2 points;In a limited partnership, the limited partners are treated like ________ by the law.;Answer;? Question 11;0 out of 2 points;In a joint venture, individuals join together in co-ownership for;Answer;? Question 12;2 out of 2 points;Probably the most important feature of a partnership agreement is;Answer;? Question 13;2 out of 2 points;The most common form of business ownership is the;Answer;? Question 14;2 out of 2 points;partners are not active in a business but generally are known to be members of the partnership.;Answer;? Question 15;2 out of 2 points;Acme Corporation is chartered in Delaware, but its primary area of operation is in South Carolina. In South Carolina, Acme would be considered a(n) ________ corporation.;Answer;? Question 16;2 out of 2 points;When buying a franchise, the potential franchisee should first;Answer;? Question 17;2 out of 2 points;To protect investors from unscrupulous franchisers, the regulatory body is the;Answer;? Question 18;2 out of 2 points;A significant advantage a franchisee has over the independent small business owner is participation in the franchiser's ________.;Answer;? Question 19;2 out of 2 points;Most franchise experts consider the most important factor in the success of a franchise to be;Answer;? Question 20;2 out of 2 points;The ________ requires all franchisers to disclose detailed information on their operations at the first personal meeting or at least fourteen days before a franchise contract is signed or any money is paid.;Answer;? Question 21;0 out of 2 points;The FTC's philosophy focuses on;Answer;? Question 22;2 out of 2 points;Franchise advertising programs;Answer;? Question 23;2 out of 2 points;The most expensive franchises in terms of total investment are;Answer;? Question 24;2 out of 2 points;franchising involves the owner of an existing business becoming a franchisee to gain the advantage of name recognition.;Answer;? Question 25;2 out of 2 points;In franchising, ________ pay fees and royalties to a ________ in return for the right to sell its products or services under the franchiser's trade name and often to use its business format and system.;Answer;? Question 26;2 out of 2 points;There are two main risks in purchasing a franchise. First, that of the franchiser's experience and business system, and second;Answer;? Question 27;2 out of 2 points;Another term for cobranding franchising is;Answer;? Question 28;2 out of 2 points;The primary advantage of buying a franchise over starting your own company is;Answer;? Question 29;2 out of 2 points;The payment the franchisee makes to the franchiser based on gross sales is;Answer;? Question 30;2 out of 2 points;In view of the cause of most new business failures, probably the most valuable service provided franchisees by the franchiser is;Answer


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