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STRAYER BUS402 week 3 quiz 2 [summer 2104]

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Question;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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